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Hawaiian Holdings Announces Stock Repurchase Program
The stock purchases will be made from time to time out of available cash in open market transactions or through privately negotiated transactions, as market conditions permit. The duration of the stock repurchase program is open ended, and the program is subject to modification or termination by the Company at any time. Directors may also choose to modify or terminate their participation in the program at any time.
All purchases pursuant to the program will be effected through a broker selected by the Company. Any shares so purchased, will be allocated between the Company and the participating directors on a pro rata basis. Brokerage commissions will also be shared between the Company and the participating directors on a pro rata basis.
The Company may also institute a program for the repurchase of a portion of its outstanding Term A and Term B debt, subject to the receipt of requisite lender approval.
As of
About Hawaiian Airlines
Now in its 80th year of continuous service in
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com.
SOURCE Hawaiian Holdings, Inc.
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http://www.HawaiianAirlines.com
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