UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
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)
May 31, 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
CUSIP No. 419849-104 Page 2 of 6 Pages
-------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIRLINE INVESTORS PARTNERSHIP, L.P.
-------- -----------------------------------------------------------------------------------------------------------
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 ITEM 2(d) or 2(e)
{ }
-------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------- ------ ---------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY OWNED 18,181,818
BY EACH REPORTING
PERSON
WITH
--------------------------------------- ------ ---------------------------------------------------------------------
8 SHARED VOTING POWER
--------------------------------------- ------ ---------------------------------------------------------------------
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)
54.8%
-------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-------- -----------------------------------------------------------------------------------------------------------
CUSIP No. 419849-104 Page 3 of 6 Pages
-------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIP GENERAL PARTNER, INC.
-------- -----------------------------------------------------------------------------------------------------------
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 ITEM 2(d) or 2(e)
{ }
-------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------- ------ ---------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY OWNED 18,181,818
BY EACH REPORTING
PERSON
WITH
--------------------------------------- ------ ---------------------------------------------------------------------
8 SHARED VOTING POWER
--------------------------------------- ------ ---------------------------------------------------------------------
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)
54.8%
-------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
-------- -----------------------------------------------------------------------------------------------------------
CUSIP No. 419849-104 Page 4 of 6 Pages
-------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOHN W. ADAMS
-------- -----------------------------------------------------------------------------------------------------------
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 ITEM 2(d) or 2(e)
{ }
-------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------- ------ ---------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY OWNED 18,462,643
BY EACH REPORTING
PERSON
WITH
--------------------------------------- ------ ---------------------------------------------------------------------
8 SHARED VOTING POWER
--
--------------------------------------- ------ ---------------------------------------------------------------------
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)
54.8%
-------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-------- -----------------------------------------------------------------------------------------------------------
CUSIP No. 419849-104 Page 5 of 6 Pages
AMENDMENT NO. 5 TO SCHEDULE 13D
This is Amendment No. 5 (this "AMENDMENT") to the Schedule 13D
filed by the Reporting Parties with respect to the Common Stock, par value $.01
per share (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, as
amended by Amendment No. 3, dated as of April 22, 2002, and as amended by
Amendment No. 4, dated as of May 7, 2002 (the "ORIGINAL SCHEDULE 13D").
ITEM 4 PURPOSE OF THE TRANSACTION.
Item 4 is amended as follows:
On May 31, 2002, Hawaiian Airlines, Inc. (the "COMPANY")
announced that it will commence a tender offer to purchase for cash up to
5,880,000 shares of the Common Stock at a price of $4.25 per share, net to the
seller in cash, upon the terms and subject to the conditions set forth in the
Offer to Purchase dated May 31, 2002 and the related Letter of Transmittal (the
"OFFER"). This represents approximately 17.46% of the Common Stock outstanding
as of May 30, 2002. The Offer commenced on May 31, 2002, and is set to expire at
12:00 midnight, New York City time, on June 27, 2002, unless the Offer is
extended by the Company.
On May 30, 2002, Airline Investors Partnership, L.P. ("AIP")
advised the Company of its intention to tender all 18,181,818 of the shares of
Common Stock that it owns in the Offer, on the condition that in no event will
the Company accept for payment more than that number of shares of Common Stock
that would cause AIP's ownership interest in the Company, following completion
of the Offer, to be less than or equal to 50.0%. In addition, on May 30, 2002,
John W. Adams, the Chairman, Chief Executive Officer and President of the
Company, advised the Company of his intention to tender all 30,825 of the shares
of Common Stock that he owns in the Offer.
ITEM 6. CONTRACTS, ARANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended as follows:
On May 30, 2002, AIP advised the Company of its intention to
tender all 18,181,818 of the shares of Common Stock that it owns in the Offer,
on the condition that in no event will the Company accept for payment more than
that number of shares of Common Stock that would cause AIP's ownership interest
in the Company, following completion of the Offer, to be less than or equal to
50.0%. In addition, on May 30, 2002, John W. Adams, the Chairman, Chief
Executive Officer and President of the Company, advised the Company of his
intention to tender all 30,825 of the shares of Common Stock that he owns in the
Offer.
CUSIP No. 419849-104 Page 6 of 6 Pages
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.
May 31, 2002
AIRLINE INVESTORS PARTNERSHIP, L.P.
By: AIP General Partner, Inc., its general partner
By: /s/ John W. Adams
------------------------------------------------
Name: John W. Adams
Title: President
AIP GENERAL PARTNER, INC.
By: /s/ John W. Adams
------------------------------------------------
Name: John W. Adams
Title: President
/s/ John W. Adams
---------------------------------------------------
John W. Adams