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 -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

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

Airborne-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

Airborne 04.20.18: Continental Jet-A Seminole, SWA Fallout, NYC NIMBY's Helo's

Also: Teamsters Talk Allegiant, Coleman Young Airport, Miracle Flights, IN Av Repair Biz Cleared Piper has selected the Continental Motors CD-170 compression ignition engine fueled>[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

Aero-News: Quote of the Day (04.22.18)

"For those reasons, a key measure of success is not, 'Did we provide the most flights possible?' but 'Did we provide the most comfortable flights possible?'—for instance, by >[...]

ANN's Daily Aero-Linx (04.22.18)

Aero Linx: The Airline Pilot's Historical Society The Airline Pilot's Historical Society is a non-profit, charitable foundation whose purpose is to educate through the preservation>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC