HONOLULU, June 1, 2001 -- Hawaiian Airlines, Inc. (AMEX and PCX: HA) announced today that it has signed a letter of intent to lease four widebody Boeing 767-300ER twinjets from International Lease Finance Corporation (ILFC). The letter of intent anticipates delivery of the aircraft during the first and second quarter of 2002, bringing to seven the number of 767-300ER aircraft being acquired by Hawaiian to replace widebody McDonnell Douglas DC-10s used on its Transpacific routes.

Last month, Hawaiian announced the acquisition of three new B767-300ER aircraft under long-term operating leases with Ansett Worldwide Aviation, Inc., a subsidiary of Morgan Stanley, for delivery in October, November and December 2001.

The twin-aisle, twinjet Boeing 767-300ER is an extended-range version of the popular and fuel-efficient 767. Hawaiian's 767-300ERs will be configured to seat 18 passengers in First Class and 234 in Coach.

Founded in 1929 as Inter-Island Airways, Hawaiian Airlines launched the first scheduled airline service in Hawaii on November 11, 1929. From its Honolulu hub, Hawaiian's scheduled service links the Islands of Maui, Kauai, Lanai, Molokai and the Big Island of Hawaii. The nation's 12th largest carrier, Hawaiian also serves Los Angeles, San Francisco, Seattle, Portland and Las Vegas, and will begin daily nonstop service between Hawaii and San Diego later this month. Its DC-10 South Pacific service links Honolulu with American Samoa and Tahiti. Hawaiian also operates frequent nonstop charter flights to Anchorage and Las Vegas from Honolulu, as well as between Los Angeles and Tahiti. Additional information on Hawaiian Airlines, including previously issued company news releases, is available via the airline's Web site at www.hawaiianair.com.

Except for historical information contained herein, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties. Factors that might impact such statements include, but are not limited to, the effect of changing economic conditions, trends in the airline industry, the ability to control costs and expenses, and other risks detailed in the company's continuing reports filed with the Securities and Exchange Commission.