BUSINESS BRIEFS
Airline asks for more time

Advertiser Staff

Hawaiian Airlines bankruptcy trustee and the committee of unsecured creditors yesterday asked the U.S. bankruptcy court for another month to evaluate the offers to take over Hawai'i's largest airline, which would delay Hawaiian's emergence from bankruptcy until Nov. 15 or beyond.

Trustee Josh Gotbaum and the creditors committee want to extend the deadline to file reorganization plans to Aug. 30, saying they need time to analyze what they call better and more complicated plans than the ones received so far.

HEI executive in stock options

Robert Clarke, chairman, president and chief executive of Hawaiian Electric Industries, exercised 63,964 stock options for a market value of $1.66 million at an average price of $26.02 per share, according to a filing yesterday with the Securities and Exchange Commission. Clarke's cost was $739,600. Between July 15 and Thursday, he exercised 53,964 options at $25.92 to $26.20 a share. On Thursday, he exercised 50,000 options at $14.74 and $15. He also exercised 10,000 options but kept the shares. He became fully vested for the options in April.

New restaurant for local chef

Local chef Roy Yamaguchi opened his 33rd Roy's Restaurant — only the second on O'ahu — this week at Ko Olina Resort & Marina.

The 200-seat restaurant replaced Niblick Restaurant overlooking the 18th hole of Ko Olina Golf Club, and is only the second Roy's at a golf course. The other is at Pebble Beach in California.

Passport update gets extension

The U.S. Senate passed a bill yesterday to give Visa Waiver program countries, including Japan, one additional year to begin producing new passports with biometric technology. However, another security measure will be added this October, when international visitors will be digitally fingerprinted and photographed through the US VISIT program.

Correction: An item in a previous version of these brief contained incorrect information about Robert Clarke's stock purchase.