Refinances Existing Airplanes To Lower Costs
Hawaiian Airlines today announced that it has leased three
additional Boeing 717-200 aircraft in response to increasing
consumer demand. With these aircraft joining the fleet, Hawaiian
will be able to expand its interisland service between Honolulu and
Kahului, Lihue, Hilo, and Kona during peak travel periods, and
further improve its industry-leading operational reliability.
Along with acquiring the three additional aircraft, Hawaiian
announced that it has purchased its existing fleet of 15 leased
Boeing 717-200 aircraft in a refinancing transaction that reduces
its fleet costs over the long term.
"With our increasing service to Hawaii from Asia, demand for our
interisland flights during peak hours of the day and during popular
travel periods has never been higher. Adding these aircraft will
give us the ability to serve more customers during these periods,"
said Mark Dunkerley, Hawaiian's president and chief executive
officer. "At the same time, we are restructuring the ownership of
our existing fleet to reduce our aircraft costs. With other costs
rising quickly, this will help us keep fares affordable."
Hawaiian expects to take delivery of the three additional
aircraft in September, October and November. Hawaiian has purchased
the aircraft it previously operated under long term leases from
Boeing Capital Corporation (BCC) with financing provided by BCC and
entered into multi-year leases with BCC for the three additional
717s. Terms of the transactions were not released.
"The 717 has proven itself as an able partner to Hawaiian's
interisland mission. Hawaiian's decision to expand its fleet and
move from operator to owner is a further vote for the world's best
100-seat airliner by an experienced and valued customer," said
Jordan Weltman, Boeing Capital vice president for the Americas
The Boeing 717-200 is the world's best 100-passenger jetliner
designed specifically for short-haul, high frequency operations.
The twinjet features an advanced cockpit and avionics comparable to
a Boeing 777, as well as a "big airplane" passenger feel with wide,
five-abreast seating and large overhead storage bins. It is the
quietest 100-seat airplane now operating, and among the most
reliable with a fleet-wide average 99.4 percent reliability.