Former Executive Invests in Hawaiian Airlines

Former American Airlines CEO Don Carty invested $2 million in Hawaiian’s parent company


Former American Airlines CEO Don Carty invested $2 million in Hawaiian’s parent company and was appointed to its board of directors.

The deal apparently keeps Carty involved in the restructuring plan proposed by Hawaiian Holdings, which is not in bankruptcy. San Diego-based Ranch Capital acquired a controlling interest in Hawaiian Holdings in June for $41.4 million.

Still unclear is the status of competing reorganization proposals, including one by Boeing Capital, one of the airline’s largest creditors; it wants to invest and bring back former CEO Bruce Nobles.

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