EXHIBIT (a)(1)(P)
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FOR IMMEDIATE RELEASE Contact: Keoni Wagner
Monday, July 8, 2002 (808) 838-6778
wagner@HawaiianAir.com
HAWAIIAN AIRLINES, INC. ANNOUNCES FINAL RESULTS OF
TENDER OFFER FOR 5,880,000 OF ITS OWN SHARES
Hawaiian Airlines, Inc. (AMEX and PCX: HA) today announced the
final results for its cash tender offer to purchase up to 5,880,000 shares, or
approximately 17.46%, of its outstanding common stock at a price of $4.25 net
per share. The offer, which was oversubscribed, expired at 12:00 midnight, New
York City time, on June 27, 2002.
According to the final count, 26,578,337 shares were tendered
and not withdrawn. Hawaiian accepted 5,880,000 properly tendered shares on a pro
rata basis, with a proration factor of approximately 22.12%. Payment for
accepted shares, and return of all other tendered shares, will be made this week
by the depositary.
On May 30, 2002, Hawaiian had 33,674,143 shares of common
stock issued and outstanding. As a result of the completion of the offer and
subsequent option exercises, Hawaiian expects to have 27,814,143 shares of
common stock issued and outstanding as of the time immediately following payment
for the accepted shares.
ABOUT HAWAIIAN AIRLINES
Founded in 1929 as Inter-Island Airways, Hawaiian Airlines is
the first and largest Hawaii-based airline. From Honolulu, Hawaiian Airlines
provides scheduled and charter air transportation of passengers, cargo and mail
among the islands of Hawaii and between Hawaii and eight Western U.S. gateway
cities and two destinations in the South Pacific. The nation's 12th-largest
carrier, it is also the second-largest provider of trans-Pacific air service
between the U.S. mainland and Hawaii. Additional information on Hawaiian
Airlines is available on-line at www.HawaiianAir.com.