Reported by Star-Bulletin staff & wire
Tuesday, October 22, 1996
Reported by Star-Bulletin staff & wire
Tuesday, October 22, 1996
The service from the mainland will be direct to Kahului and the Kahului-Seattle flights will be via Honolulu, the airline said. The flights will leave Seattle on Tuesdays and Saturdays and leave Honolulu on Mondays and Fridays.
Hawaiian said it also will increase its Honolulu-Las Vegas flights. Starting Jan. 1, there will be eight charters a week, up from six. The charters are run in partnership with tour operators Vacations Hawaii and Jackie's Travel.
The Seattle and Las Vegas services will use aircraft from Hawaiian's fleet of nine McDonnell Douglas DC-10 jets, each carrying up to 304 passengers. However, the Kahului-Honolulu leg of the Seattle-bound flights will use 139-seat DC-9s.
VeriFone, which was founded in Hawaii and has a research facility in Mililani, rose $2.50 to close at $35.121/2 on the New York Stock Exchange.
The company said it planned to spend up to $67.5 million to buy back the shares. During the first nine months of this year, VeriFone repurchased 995,000 shares for a total of $47.5 million. At the end of September, the company had 24.8 million shares outstanding.
Yasuo Hamanaka, 48, allegedly amassed $2.6 billion in losses from unauthorized trades. The scandal, which broke in June, called into question risk management at Sumitomo.
Hamanaka was fired by Sumitomo shortly before it announced the debacle, which sent prices falling on international copper markets. Since then he had kept a low profile.
The former star trader was arrested on suspicion of forging documents involving metal trading with Merrill Lynch.