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O'Neill increases stake in Bankoh

Bank of Hawaii Corp. Chairman and Chief Executive Michael O'Neill, who invested $10 million in the company's stock shortly after he was hired in November 2000, now owns or controls 6.9 percent of the company's shares at a value of more than $164 million.

O'Neill's stake in the bank has grown since the end of 2003 when a proxy filed last month showed him with 6.2 percent of the bank's stock as of Dec. 31. His latest holdings were disclosed in a filing yesterday with the Securities and Exchange Commission.

O'Neill owned or controlled just under 3.7 million shares as of April 27. Those shares included 714,069 he held directly, vested options for more than 2.8 million shares, and 152,273 shares owned by the Bank of Hawaii Charitable Foundation that O'Neill has voting power over as its president.

Boston-based Wellington Capital Management LLP was the top shareholder with 19.1 percent, or more than 10.5 million, of the shares as of Dec. 31.

Hawaiian touts on-time record

Hawaiian Airlines posted the best on-time service record in the nation for the fifth straight month in March and, for the first time, finished as the nation's best at handling passenger baggage.

The U.S. Department of Transportation's Air Travel Consumer Report for March said 91.7 percent of Hawaiian Airlines' flights arrived within 15 minutes of the scheduled time. Hawaiian Airlines, which averages approximately 30 trans-Pacific flights and 100 interisland flights daily, also had the best on-time record for the quarter at 89.5 percent.

In March, the remainder of the top five on-time airlines were Atlantic Southeast Airlines (87.8 percent), SkyWest Airlines (87.1 percent), AirTran Airways (85.3 percent) and JetBlue Airways (85.0 percent).

Hawaiian also had the best record last month in handling passenger baggage with 2.84 reports per 1,000 passengers.

The report compares the service records of 19 airlines that provide the DOT with on-time statistics. Hawaiian is the only carrier in the state that does so.

Maui Land makes promotions

Maui Land & Pineapple Co., which has reshuffled several of its executive positions over the past year, has made some more changes.

Brian Nishida, president and chief executive officer of the pineapple subsidiary, has been elected to the additional post of executive vice president of agriculture operations of the parent company. Randall Endo, previously a development manager, has been appointed vice president of government affairs. Both promotions are effective June 1 and are new positions.

In addition, Calvin Oda was promoted to senior vice president of product development at Maui Pineapple Co. and Wesley Nohara will be vice president of production management at the subsidiary.

At Kapalua Land Co., Gary Planos will be promoted to senior vice president of resort operations. Other promotions include Martin Keiter to vice president of golf & tennis operations, Nancy Cross to vice president of event management and Kim Carpenter to vice president of marketing.

In community planning and development, Robert McNatt was promoted to senior vice president of planning & development and Ryan Churchill to vice president of planning.

Thomas Selby, vice president of finance, will take responsibility for the Kapalua Villas' business unit, commercial properties, retail operations, facilities and landscaping maintenance, utilities, and all administrative departments and functions.