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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) January 18, 1996
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 a Hawaiian Airlines, Inc.'s (the "Company") press release
dated January 18, 1996 announcing that it has received a $3.0 million
secured convertible bridge loan from Airline Investors Partnership,
L.P. ("AIP") that will allow the Company to continue all operations
while it works to complete a $20.0 million equity investment by AIP
later this month 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 January 18, 1996.
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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: January 18, 1996 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, Inc.]
Hawaiian Airlines Receives Bridge Loan From Investor Group
HONOLULU -- Hawaiian Airlines announced that it has received a secured
convertible bridge loan in the amount of $3 million from Airline Investors
Partnership, L.P. (AIP) that will allow the company to continue all operations
while it works to complete a $20 million equity investment by AIP later this
month.
Hawaiian must complete final agreements with certain of its creditors and
receive approval from its shareholders at a special meeting of shareholders in
Honolulu on January 30, 1996 before the AIP transaction can be completed. The
transaction is scheduled to close on January 31, 1996.
The bridge loan is convertible into shares of Hawaiian Airlines Class A Common
Stock at $1.10 per share. Upon the closing of the AIP transaction, the bridge
loan will be deemed converted as part of the $20 million equity investment.
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