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-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

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

Sierra Space Repositions Dream Chaser for First Mission

With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

See All

Advertisement

Podcasts

Advertisement

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