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-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

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

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

ANN's Daily Aero-Linx (07.03.25)

Aero Linx: Colorado Pilots Association (CPA) Colorado Pilots Association was incorporated as a Colorado Nonprofit Corporation in 1972. It is a statewide organization with over 700 >[...]

ANN's Daily Aero-Term (07.03.25): High Speed Taxiway

High Speed Taxiway A long radius taxiway designed and provided with lighting or marking to define the path of aircraft, traveling at high speed (up to 60 knots), from the runway ce>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC