<PAGE>
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) December 24, 1996
HAWAIIAN AIRLINES, INC.
(Exact name of registrant as specified in its charter)
HAWAII 1-8836 99-0042880
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) 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
<PAGE>
ITEM 5. OTHER EVENTS.
A copy of Hawaiian Airlines, Inc.'s (the "Company") press release
dated January 6, 1997 is filed as an exhibit to this Current Report on
Form 8-K. In late December 1996, the Company retired for $9.2 million
a $10.25 million secured promissory note issued to American Airlines,
Inc. in January 1996.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit 99.1 Press Release dated January 6, 1997.
-2-
<PAGE>
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 7, 1997 By /S/ JOHN L. GARIBALDI
--------------------------------
John L. Garibaldi
Executive Vice President-Finance
and Chief Financial Officer
(Principal Financial and
Accounting Officer)
-3-
<PAGE>
EXHIBIT 99.1
ON HAWAIIAN AIRLINES LETTERHEAD
FOR RELEASE Contact: Keoni Wagner
Monday, January 6, 1997 (808) 838-6778
HAWAIIAN AIRLINES RETIRES $10.25 MILLION NOTE TO AMERICAN AIRLINES
HONOLULU - Hawaiian Airlines, Inc. (ASE and PSE: HA) has retired a $10.25
million note issued to American Airlines, Inc. The secured promissory note,
issued in January, 1996, had a maturity date of September 11, 2001. The note
was prepaid in late December, 1996 for $9.20 million, at a discount of $1.05
million. The note had represented approximately 50 percent of the company's
outstanding long-term debt, excluding capital lease obligations, as of September
30, 1996.
On January 31, 1996, the company entered into certain arrangements with American
and its parent company, AMR Corporation (NYSE: AMR), pursuant to which American
accepted the note in settlement of $10.0 million in lease and maintenance
obligations under Hawaiian's DC-10-10 aircraft lease agreements with American,
and $250,000 in related transaction fees.
Hawaiian Airlines, the nation's 12th largest airline, provides scheduled and
charter air transportation of passengers, cargo and mail among the islands of
Hawaii and between Hawaii and five West Coast gateway cities and two
destinations in the South Pacific.
