BUSINESS BRIEFS
Hawaiian gets 'neutral' rating
Advertiser Staff
Shares of Hawaiian Holdings, the parent company of Hawaiian Airlines, were rated "peer perform," or "neutral," by Bear Stearns analyst Kim Zotter.
Zotter initiated coverage of the carrier yesterday.
Hawaiian Holdings' shares closed up 7 cents at $5.13 yesterday on the American Stock Exchange.
The state's largest airline said last month that it will invest up to $4.4 billion to acquire new jets. The investment is one of the largest by a locally based company and is worth more than five times Hawaiian's assets of around $877 million.
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