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Hawaii Island Air Chapter 11 Petition Filed

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Privately-held Hawaii Island Air (DBA Island Air) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Hawaii, lead case number 17-01078.  The Company, which is Hawaii’s second largest airline, is represented by Ted N. Pettit of Case Lombardi & Pettit.

As widely reported, the Company has been troubled by threats of legal action to halt airline operations and leave scores of passengers without inter-island airline service. The filing prevents such a disruption in operations and ensures that passengers will continue to enjoy uninterrupted flight service. Hawaii Island Air has never before filed for bankruptcy protection in its 37 years of operation. The Company has reported losses for 17 consecutive quarters.

“Island Air will continue to hold our customers and employees, as well as our invaluable vendors, as our main priorities during this reorganization process,” said David Uchiyama, Hawaii Island Air president and C.E.O. “Once we have completed the reorganization process, Island Air expects to emerge as a stronger airline with a solid financial structure that will allow us to continue to meet the demands of Hawaii’s dynamic interisland market, while positioning us for future growth and expansion.” Hawaii Island Air’s Chapter 11 filing indicates assets of $10 to $50 million.

Read more Hawaii Island Air bankruptcy news.

The post Hawaii Island Air Chapter 11 Petition Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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