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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 15, 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 15, 1996 announcing that the memberships of all its
employee unions have ratified modifications to their labor agreements
is filed as an exhibit to this Current Report on Form 8-K. The
ratification enables the Company to pursue a bridge loan from Airline
Investors Partnership, L.P. ("AIP") that will allow it to continue all
operations while it works to complete a $20 million equity investment
from AIP later this month. The investment transaction, which is
scheduled to close at the end of January, is still subject to certain
other conditions, including shareholder approval.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
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(c) Exhibits.
Exhibit 99.1 Press Release dated January 15, 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 15, 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 Go-Ahead From Employees
HONOLULU -- Hawaiian Airlines announced that the memberships of all its
employee unions have ratified modifications to their labor agreements, enabling
the company to pursue a bridge loan from Airlines Investors Partnership, L.P.
(AIP) that will allow it to continue all operations while it works to complete a
$20 million equity investment from AIP later this month. The investment
transaction is still subject to certain other conditions, including shareholder
approval.
Bruce R. Nobles, Hawaiian's chairman, president and chief executive officer,
said he was grateful for the support of the company's employees and its
customers.
"We are extremely grateful to those who have stood by us, and for the vision
shown by our employees in their vote to move forward with our turnaround,"
Nobles said.
Hawaiian still must reach final agreements with certain of its creditors and
receive approval from its shareholders* before the AIP transaction can be
completed. The transaction is scheduled to close at the end of January.
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* This news release does not constitute a solicitation of proxies for the
special shareholders meeting. Solicitations will be made by definitive proxy
materials that will be distributed to shareholders prior to the meeting.
