HONOLULU, May 9, 2003 /PRNewswire via COMTEX/ -- Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (Amex: HA; PCX), said today that the evidentiary hearing on the motion filed by the airlines' major creditor, BCC Equipment Corp. had concluded.
In remarks at the end of the hearing, U.S. Bankruptcy Judge Robert J. Faris said that he would not rule immediately, but rather would give further consideration to the testimony and evidence in the case. He said he would decide 'promptly' on whether the appointment of a Chapter 11 trustee to oversee the airlines' operations or another remedy is appropriate.
The company said that, while it did not believe that the standards for appointing a trustee had been met, it acknowledged the Judge's closing comments in which he indicated it was unlikely that he would preserve the status quo and encourage the parties to continue to discuss alternatives.
For further information, please contact: Keoni Wagner of Hawaiian Airlines, Inc., +1-808-838-6778, wagner@HawaiianAir.com; or Sandra Sternberg of Sitrick And Company, +1-213-709-2158, for Hawaiian Airlines, Inc.
SOURCE Hawaiian Airlines, Inc.
Keoni Wagner of Hawaiian Airlines, Inc., +1-808-838-6778, wagner@HawaiianAir.com; or Sandra Sternberg of Sitrick And Company, +1-213- 709-2158, for Hawaiian Airlines, Inc. (HA)