Like most websites Airliner World uses cookies. We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Airliner World website. However, if you would like to, you can change your cookie settings at any time. Find out more

Continue

Island Air Ceases Operations

Photo: Island Air has ceased operations. Bombardier

 

Hawaii’s Island Air operated it last flights on November 11, just days after filing for Chapter 11 bankruptcy protection.  The airline was unable to find a new investor or lender to provide the funding it required to support flight operations and a successful reorganisation of its business.

Island Air claims “aggressive legal attacks” by lessors Wells Fargo Bank Northwest, and Elix 8, hadn’t helped its cause.  The lessors have not responded to this statement.

Judge Robert Faris of the District of Hawaii Bankruptcy Court had denied the lessors’ Motion for Temporary Restraining Order on November 3.  Wells Fargo Bank Northwest, and Elix 8 had been seeking the termination of all leases and the immediate repossession of Island Air’s aircraft.  The airline’s aircraft are now in storage.

“Island Air has taken every measure possible to avoid this tremendous hardship to its passengers,” said David Uchiyama, Island Air President and CEO.  “Island Air appreciates the loyalty and support its customers, management, employees, and vendors have shown the airline, especially during the last few weeks of this bankruptcy process.  Island Air is proud of its 37-year history of service to the State of Hawaii.”

Posted in News Tagged with: , , , ,

NEVER MISS AN ISSUE...

Our Instant Issue Service sends you an email whenever a new issue of Airliner World is out. SAVE ON QUEUES - FREE P&P