Hawaiian Holdings
seeks access to restructured
lease documents
Hawaiian Holdings Inc., claiming that the sealing of certain documents has unfairly hurt its ability to develop a Chapter 11 reorganization plan, filed a motion in U.S. Bankruptcy Court yesterday requesting access to information involving subsidiary Hawaiian Airlines' restructured aircraft lease agreements.
The records previously have been only available to trustee Joshua Gotbaum and the unsecured creditors' committee, but Hawaiian Holdings attorney Richard Havel said the parent company needs access "to level the playing field."
Hawaiian Holdings, whose Chairman and Chief Executive John Adams was ousted from the airline's top post in May because of alleged questionable financial dealings, asked that a hearing be held on the matter on Sept. 24.
"We think it's appropriate for us to look at the documents as well," Havel said. "The only reason they were sealed was to prevent creditors and other aircraft lessors from getting at them. Holdings, as a shareholder, is not in that position and those pieces of information are critical to understand what has happened in the case and to participate in the plan process."
