BUSINESS BRIEFS
Hawaiian Air stock still listed

Advertiser Staff

The parent company of Hawaiian Airlines will continue to be listed on the American Stock Exchange while it works to bring its shares into compliance with the exchange's listing standards, the company said.

Hawaiian Holdings Inc., on Oct. 13, received an 18-month extension to bring its stock into compliance. Hawaiian Airlines filed for Chapter 11 bankruptcy protection on March 21.

In July, the stock exchange suspended trading of Hawaiian Holdings stock after Mellon Investor Services LLC resigned as the company's stock transfer agent. Hawaiian Holdings had failed to pay Mellon an undisclosed sum that was overdue. Hawaiian Holdings and Mellon reached a new agreement on Aug. 15, and trading resumed Aug. 19.

Rock 'n' roll club planned

A Chicago sound equipment company executive has signed a letter of intent to buy Whaler's Brew Pub at the Kauai Lagoons shopping complex and transform the restaurant into a rock 'n' roll-themed music club and restaurant.

Harry Witz, president of db Sound LP, said he plans to design the club and restaurant with his private collection of rock 'n' roll memorabilia gathered from years in the concert business. The club also will host concerts and feature a recording and broadcast studio.

The project is expected to open late next year, but is subject to completing a sale that is in escrow. Whaler's Brew Pub opened in 1997.