Hawaiian Air Investors Indicted | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Wed, Apr 06, 2005

Hawaiian Air Investors Indicted

Two Accused Of Lying About Ability To Bring Carrier Out Of Bankruptcy

They lied. One tried to bribe an undercover Fed. Both are in very hot water.

That's the word from the US Attorney's Office in New York's Southern District about Paul Boghosian and William Spencer. Both have been indicted on conspiracy charges in connection with their bid to bring Hawaiian Airlines out of bankruptcy.

Boghosian leads Hawaiian Investment Partners Group, a company he formed to save Hawaiian Air. Spencer is a trustee at E&M Trust. The government says both men lied about their ability to bring Hawaiian Air out of bankruptcy with a $300 million cash infusion.

Boghosian is also accused of trying to bribe an undercover FBI agent posing as a hedge fund manager. The indictment says Boghosian agreed to pay the agent $500,000 in return for a $2.5 million loan.

There was no immediate comment from the beleaguered airline. Hawaiian Airlines filed for bankruptcy two years ago. The court last month accepted a plan designed to return Hawaiian Airlines to solvency.

FMI: www.hawaiianair.com

Advertisement

More News

ANN's Daily Aero-Linx (04.17.24)

Aero Linx: Space Medicine Association (SMA) The Space Medicine Association of the Aerospace Medical Association is organized exclusively for charitable, educational, and scientific>[...]

ANN's Daily Aero-Term (04.17.24): Jamming

Jamming Denotes emissions that do not mimic Global Navigation Satellite System (GNSS) signals (e.g., GPS and WAAS), but rather interfere with the civil receiver's ability to acquir>[...]

ANN's Daily Aero-Linx (04.18.24)

Aero Linx: Warbirds of America The EAA Warbirds of America, a division of the Experimental Aircraft Association in Oshkosh, Wisconsin, is a family of owners, pilots and enthusiasts>[...]

Aero-News: Quote of the Day (04.18.24)

"From New York to Paris, this life-size replica of the Webb Telescope inspired communities around the world and, in doing so, invited friends and families to explore the cosmos tog>[...]

ANN's Daily Aero-Term (04.18.24): Hold-In-Lieu Of Procedure Turn

Hold-In-Lieu Of Procedure Turn A hold-in-lieu of procedure turn shall be established over a final or intermediate fix when an approach can be made from a properly aligned holding p>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC