Trading of airline stock to resume
| • | Hawaiian Airlines is hit with additional setbacks |
| • | Adams in control at airline since '96 |
By Kelly Yamanouchi
Advertiser Staff Writer
Trading of Hawaiian shares on the American Stock Exchange, halted when the company filed for Chapter 11 bankruptcy protection, will resume today, the airline said yesterday.
Hawaiian shares cost $1.50 when trading was halted March 21. They had fallen 62 percent from their 52-week high of $4 on June 27.
Hawaiian had said exchange officials would consider resuming trading of the airlines' shares only after reviewing its annual report.
That report was filed yesterday with the Securities and Exchange Commission after Hawaiian Holdings Inc., parent company of Hawaiian Airlines, received a 15-day extension of a March 31 deadline.
Hawaiian is majority-owned by Airline Investors Partnership, a company headed by John W. Adams, the carrier's chairman and chief executive.
