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The Honolulu Advertiser

Posted at 12:16 p.m., Thursday, December 21, 2006

Hawaiian Airlines parent buys three Boeing jets

Advertiser Staff

Hawaiian Holdings Inc., parent company of Hawaiian Airlines, said it finalized the purchase of three Boeing 767 jets it was leasing from AWAS Aviation Services Inc. It also amended lease agreements on four other aircraft from the firm, removing a provision that allowed AWAS to shorten the leases and adjust the lease rates.

The aircraft purchase was financed by cash and the issuance of new debt, Hawaiian said in a news release. It said it raised $126 million in floating-rate debt financing from CIT Leasing Corp.