Hawaiian Airlines to Acquire Island Air’s Assets in Bankruptcy Proceedings

By Paul Riegler on 19 December 2017
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An Island Air sign in Honolulu

Five weeks after Hawaii’s Island Air ceased operations, the court appointed bankruptcy trustee announced that Hawaiian Airlines’ parent company plans to purchase the defunct airline’s operating certificate as well as other assets.

Hawaiian said it would acquire a variety of Island Air’s assets including its frequent-flyer membership list and ground-service equipment for $300,000. It plans to pay $450,000 for the operating certificate.

Bankruptcy Court Judge Robert Faris gave the parties preliminary approval to proceed with the sale and set a hearing date for January 5, 2018.

Island Air filed for Chapter 11 bankruptcy proceedings in mid October. Its last day of operations was on November 10.

(Photo: Accura Media Group)

Accura News

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