EXHIBIT 99.1

[LETTERHEAD OF HAWAIIAN AIRLINES]

FOR IMMEDIATE RELEASE                                     Contact: Keoni Wagner
Monday, November 6, 1995                                         (808) 838-6778






         HAWAIIAN AIRLINES SIGNS LETTER OF INTENT WITH INVESTOR GROUP


         LOS ANGELES--Bruce R. Nobles, chairman, president and chief executive 
of Hawaiian Airlines, Inc., announced today that the company has signed a letter
of intent with a private investor group to provide $20,000,000 of new equity 
capital to the company in exchange for 18,181,818 shares of Hawaiian Airlines 
Class A Common Stock. The transaction, which will result in the investor group 
having control of the company, including six of the current eleven Board of 
Directors seats, is subject to numerous conditions, including the negotiation 
and execution of definitive agreements and certain modifications to the 
agreements with the company's unions and certain of its creditors. The letter of
intent also contemplates a rights offering to the company's existing 
shareholders, to take place at some point during 1996, making shares available 
to them at a substantial discount from the then current market price.

         It is contemplated that, if the conditions are satisfied, the 
definitive agreements will be signed in early December. The closing will be 
scheduled as soon as possible thereafter.

         "This transaction provides the capital which the company greatly 
needs," Mr. Nobles commented, and "we will be working diligently with the 
investor group to satisfy all conditions."