Hawaiian Airlines milestones
| • | Logistics of airline merger may be difficult, painful |
| • | Making two into one |
| • | Aloha Airlines milestones |
Advertiser Staff
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1929
The first plane used by Hawaiian Airlines, then known as Inter-Island Airways, was a Sikorsky.
Inter-Island Airways begins the first interisland service.
1941
The company changes its name to Hawaiian Airlines.
1964
Honolulu and Maui businessman John H. Magoon becomes president and chief executive officer after gaining majority ownership from Honolulu financier Harry Weinberg.
1983
Hawaiian expands operations outside Hawai'i.
1986
After a profitable year, HAL posts losses for the next six years.
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1987
Hawaiian got its current name in 1941. With it came a new jet, the DC-3 civilian aircraft.
Hawaiian Electric Industries explores acquiring HAL.
Developer Christopher Hemmeter strikes a deal to buy HAL for $100 million but later pulls back after the October 1987 stock market crash.
1988
Hawaiian and Aloha Airlines hint at a merger but decline to discuss the matter publicly. Talks end after three days.
1989
Oregon-based PacifiCorp. Finance Inc. proposes to purchase HAL but backs away after a 75-day review.
Airline investor J. Thomas Talbot and a partner announce their group will acquire a controlling interest in HAL.
1992
Announces financial restructuring plan to trim debt. Talbot and partner return shares in the company.
1993
Files for Chapter 11 bankruptcy reorganization.
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1994
Several investors in the 1980s considered buying Hawaiian, whose jets bore its current logo.
Hawaiian President Bruce Nobles helps bring new company, Hawaiian Airlines Inc., out of bankruptcy.
1995
Nobles signs agreement with private New York group, Airline Investors Partnership, for $20 million investment.
1997
Nobles resigns; Paul Casey named president and chief executive.
1998
Reports a record $17.4 million profit.
1999
First-ever employee profit-sharing.
Announces $430 million investment in new Boeing 717-200s to replace its aging fleet.
2001
Begins service to San Diego.
Buys nine new Boeing 767-300ER jets for its trans-Pacific flights in a deal valued at more than $1 billion.
Reduces its flight schedule by 20 percent and cuts hundreds of workers after Sept. 11 attacks lead to downturn in travel.
Dec. 19: Announces plans to merge with Aloha Airlines.
