Honululu-based Island Air is several months behind on lease payments for all three of its de Havilland Dash 8-100 aircraft and four spare engines, according to the lessor, Willis Lease Finance. In a Securities and Exchange Commission filing on its second quarter earnings, Willis notes that in January 2011 it converted its operating leases with Island Air to finance leases, with a principal amount of $7 million. â€śThey made their payments through April 2012 and are past due for the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Lessor Calls On Hawaiiâ€™s Island Air To Pay Debt".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.