Hawaiian mulls $525m stock or debt issuance

In a SEC filing, Hawaiian Airlines has indicated that it may issue up to $525 million in new stock or secured pass through certificates. Given the strength of the EETC market, it is likely that the airline will opt for this route to finance or refinance owned or leased aircraft. In its annual report, the airline stated that it would be seeking “additional debt or lease financing for its upcoming aircraft deliveries” and would additionally “face specific funding requirements upon the expiration of indebtedness related to the purchase of three previously leased Boeing 767-300 aircraft at the end of 2013