Key Developments For Hawaiian Holdings, Inc.
Hawaiian Holdings, Inc. (HA.O) (Consolidated Issue listed on NASDAQ Global Market)
Hawaiian Holdings, Inc.'s Hawaiian Airlines, Inc. and Korean Airlines to Team Up on Asia Service
Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc., and Korean Airlines announced a newly-expanded code-sharing agreement that will allow Hawaiian to offer its customers nonstop service between Hawaii and Korea, as well as connecting service on flights within Korea and five other destinations in Asia.
Hawaiian Holdings, Inc. Announces Stock Repurchase Program
Hawaiian Holdings, Inc. announced that its Board of Directors has authorized a stock repurchase program under which the Company may purchase up to $7 million of its outstanding common stock. One or more directors of the Company intend to participate in the stock repurchase program, individually, and may purchase up to an additional $700,000 of the Company's outstanding common stock, in the aggregate. The stock purchases will be made from time to time out of available cash in open market transactions or through privately negotiated transactions, as market conditions permit. The duration of the stock repurchase program is open ended, and the program is subject to modification or termination by the Company at any time. Directors may also choose to modify or terminate their participation in the program at any time.
Hawaiian Holdings, Inc. Adds Another New Airbus A330
Hawaiian Holdings, Inc. announced that it has acquired another new wide-body Airbus A330-200 aircraft. The Company has also negotiated delivery of two of the new aircraft in the second quarter of 2010 beginning Hawaiian's transition to a new long-range fleet two years earlier than originally planned.
Hawaiian Holdings, Inc. Delists From AMEX
Hawaiian Holdings, Inc. announced that it has been delisted from the American Stock Exchange (AMEX). Hawaiian Holdings, Inc.'s common shares will be listed on NASDAQ.
Hawaiian Holdings, Inc.'s Hawaiian Airlines Reaches Settlement With Mesa Air Group
Hawaiian Holdings, Inc.'s Hawaiian Airlines announced that it has reached a settlement of its lawsuit with Mesa Air Group, Inc., regarding Mesa's misuse of confidential and proprietary information obtained during Hawaiian's Chapter 11 plan of reorganization in 2004. Under the terms of the settlement agreement, Hawaiian Airlines will receive a cash payment of $52.5 million and Mesa will withdraw its appeal of the $80 million judgment (plus interest, attorney's fees and costs) awarded against Mesa by the United States Bankruptcy Court in October 2007. The cash payment is required to be made within two business days of approval of a stipulation by the bankruptcy court that will follow dismissal of the appeals.
