FlyerTalk Forums - Hawaiian Airlines seeks fourth extension

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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Hawaiian Airlines asked yesterday for a fourth extension to negotiate more favorable aircraft leases with Boeing Capital Corp., the last of three companies to agree to restructure aircraft leases and help the airline emerge from bankruptcy.

The airline needed another extension to avoid repossession of several of its Boeing 767 aircraft used for trans-Pacific service. The extension, if approved by a bankruptcy judge, would run through Sept. 30.
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I wonder what would happen if their 763's do get repossessed. Schedule disruptions?

I think Hawaiian's got to pull it together and stop asking for extensions if they want to survive the tough interisland and domestic markets they serve. With toursits sticking to the big five carriers and Aloha Airlines firing up a fare war, who knows where Hawaiian will be in a few years or even a few months.

With a profit netted in June, however, the economic stability of the airlines looks favorable, but give the airline one more hurdle to jump over (anything to plunge the airline into further losses) and I'm sure Hawaiian will have a hard time staying afloat.

Yet, that raises another issue: if Hawaiian goes under, who will fill the void? Will Aloha jump in and add new flights to the *major* mainland destinations Hawaiian serves (Aloha only serves smaller, less crowded airports) or will another of the big five (UA, CO, NW, AA, DL) fill the void? And what will happen to the interisland market?

So... was it a smart move for Hawaiian to obtain an all new fleet, or the beginning of the end?