UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
HAWAIIAN AIRLINES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
419849-104
(CUSIP Number)
Thomas X. Fritsch, Esq.
885 Third Avenue
34th Floor
New York, New York 10022
Tel. No.: (212) 888-5500
With a copy to:
Judith R. Thoyer, Esq.
Paul, Weiss, Rifkind, Wharton & Garrison
1285 Avenue of the Americas
New York, New York, 10019-6064
Tel. No.: (212) 373-3000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
April 18, 2002
(Date of Event which Requires Filing of
this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[__].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
This document consists of 6 pages
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Cusip No. 419849-104 Page 2 of 6
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Airline Investors Partnership, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
18,181,818
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
18,181,818
------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,462,643
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.2%
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14 TYPE OF REPORTING PERSON
PN
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Cusip No. 419849-104 Page 3 of 6
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIP General Partner, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
18,181,818
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
18,181,818
------------------------------------------------
10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,462,643
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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Cusip No. 419849-104 Page 4 of 6
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Adams
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
18,462,643
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING --
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
18,462,643
------------------------------------------------
10 SHARED DISPOSITIVE POWER
--
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,462,643
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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Cusip No. 419849-104 Page 5 of 6
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AMENDMENT NO. 3 TO SCHEDULE 13D
This is Amendment No. 3 (this "AMENDMENT") to the Schedule 13D filed by
the Reporting Parties with respect to the Common Stock of Hawaiian Airlines,
Inc. (the "COMPANY"), dated as of January 18, 1996, as amended by Amendment No.
1, dated as of January 31, 1996, as amended by Amendment No. 2, dated as of
December 19, 2001, (the "ORIGINAL SCHEDULE 13D").
ITEM 4 PURPOSE OF THE TRANSACTION.
Item 4 is amended as follows:
On December 19, 2001, AIP General Partner, Inc., a Delaware corporation
("AIP GP"), the general partner of Airline Investors Partnership, L.P., a
Delaware limited partnership ("AIP"), AIP, Inc. ("AIP INC."), the sole limited
partner of AIP, and TurnWorks Acquisition III, Inc., a Delaware corporation,
("HOLDCO") entered into an Agreement and Plan of Merger (the "AIP MERGER
AGREEMENT"), pursuant to which, INTER ALIA, AIP GP and AIP Inc. agreed to merge
with and into Holdco upon the terms and conditions set forth therein. In
addition, on December 19, 2001, the Company, Aloha Airgroup, Inc. ("ALOHA"),
Holdco and TurnWorks, Inc., a Texas corporation ("TURNWORKS"), entered into an
Agreement and Plan of Merger (the "MERGER AGREEMENT"), pursuant to which, INTER
alia, the Company and Aloha each agreed to become wholly owned subsidiaries of
Holdco upon the terms and conditions set forth therein.
On April 18, 2002, the Company exercised its right to unilaterally
terminate the Merger Agreement, and therefore the AIP Merger Agreement
terminated, pursuant to its terms, at that time.
ITEM 6. CONTRACTS, ARANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended as follows:
In connection with the Merger Agreement and the AIP Merger Agreement,
on December 19, 2001, Holdco, Aloha and AIP entered into a Voting Agreement (the
"VOTING AGREEMENT"), pursuant to which, INTER ALIA, AIP agreed to vote all of
its shares to approve the Merger Agreement and the transactions contemplated
thereby at the special meeting of the shareholders of the Company called for
such purpose, upon the terms and conditions set forth therein. The Voting
Agreement will terminate, pursuant to its terms, on May 18, 2002.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The AIP Merger Agreement, the Merger Agreement and the Voting Agreement
described in response to Items 4 and 6 above are filed as exhibits to Amendment
No. 2 of the Original Schedule 13D.
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Cusip No. 419849-104 Page 6 of 6
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
April 25, 2002
AIRLINE INVESTORS PARTNERSHIP, L.P.
By AIP General Partner, Inc.,
its general partner
By: /S/ JOHN W. ADAMS
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John W. Adams
President
AIP GENERAL PARTNER, INC.
By: /S/ JOHN W. ADAMS
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John W. Adams
President
/S/ JOHN W. ADAMS
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John W. Adams