Hawaiian Airlines' parent company to buy Island Air's assets
HONOLULU (AP) — The trustee overseeing Island Air's bankruptcy case has filed a last-minute motion disclosing that Hawaiian Airlines' parent company has agreed to purchase the operating certificate and other assets of the failed company for $750,000.Hawaiian Airlines' parent to buy bankrupt Island Air's assets for $750,000
The Honolulu Star-Advertiser reported Tuesday that Hawaiian Holdings Inc. said it would buy the operating certificate for $450,000 and immediately provide cash advances to pay for Chapter 7 administrative expenses. Hawaiian said it would buy other assets, such as ground-service equipment, furniture and frequent-flier lists, for $300,000.