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.
