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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 20, 1995
HAWAIIAN AIRLINES, INC.
(Exact name of registrant as specified in its charter)
HAWAII 1-8836 99-0042880
(State or other jurisdiction of (Commission (I.R.S. employer
incorporation or organization) file number) identification no.)
3375 Koapaka Street, Suite G350
Honolulu, HI 96819-1869
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (808) 835-3700
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ITEM 5. OTHER EVENTS
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A copy of Hawaiian Airlines, Inc.'s (the "Company") press release dated
November 20, 1995 relating to a further deferral from November 20, 1995
to December 9, 1995 of the due date for payment by the Company to
American Airlines, Inc. of overdue amounts under an aircraft lease
agreement is filed as an exhibit to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
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(c) Exhibits
Exhibit 99.1 Press Release dated November 20, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HAWAIIAN AIRLINES, INC.
Dated: November 20, 1995 By /s/ C.J. David Davies
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C.J. David Davies
Senior Vice President-Finance
and Chief Financial Officer
(Principal Financial and
Accounting Officer)
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EXHIBIT 99.1
[LETTERHEAD OF HAWAIIAN AIRLINES(R)]
NEWS
FOR IMMEDIATE RELEASE Contact: Keoni Wagner
Monday, November 20, 1995 (808) 838-6778
HAWAIIAN AIRLINES RECEIVES ANOTHER PAYMENT DEFERRAL
HONOLULU -- Hawaiian Airlines, Inc. and American Airlines, Inc. have
entered into a further amendment to the long-term aircraft lease agreement
between the two carriers which provides for deferral until December 9, 1995, of
payment of amounts Hawaiian owes to American for use of widebody DC-10 aircraft.
Hawaiian's Chairman, President and Chief Executive Officer Bruce R. Nobles
said the deferral will provide additional time needed to negotiate definitive
agreements with a private investor group, certain of the company's creditors and
the company's labor groups.
As previously announced, the company has entered into a letter of intent
with a private investor group to infuse new equity capital into Hawaiian. The
letter of intent automatically terminates if definitive agreements with the
investor group, creditors and labor groups have not been signed by December 8,
1995. The company must satisfy a number of other conditions to the closing of
the capital infusion transaction.
"The company is working diligently to conlcude the definitive agreements
and to satisfy all conditions," Nobles said.
Hawaiian owes American approximately $7.1 million as a result of
previously agreed deferments of lease rent and maintenance fees related to use
of American Airlines DC-10 aircraft in late 1994 and early 1995. There can be no
assurance that the company will be able to make the payment now due by December
9, 1995, or that American will agree to further extension or that a favorable
resolution of the matter will occur.
