Hawaiian Airlines Aloha! Another tailored sale and leaseback
Taking Hawaii to the world
Hawaiian Airlines was founded in 1929 and is the island’s largest and longest serving airline. They are also the 8th largest U.S. carrier. On average, they carry 10 million passengers a year and offer a non-stop service to the island from more U.S. gateway cities than any other airline. Authentic Hawaiian hospitality is embedded in everything they do, from the moment you board one of their aircraft your vacation has already begun as they entice you with the sights, sounds and tastes of Hawaii. This has been continuously recognised and Hawaiian Airlines has been rated the best carrier serving the island by many publications including TRAVEL+LEISURE and Conde Nast Traveller.
Trusted partner
We have been working with Hawaiian Airlines since 2001 when they introduced the Rolls-Royce BR715 powered Boeing 717. Matt Baumgarth, Director Fleet Acquisition, explains that one of the attractions of working with RRPF was that, "[we] value greatly dealing with partners that are intelligent about their products both from a financing side and a technical side."
Financing growth
In 2010, Hawaiian Airlines started replacing its existing wide-body aircraft with new Airbus A330-200s and needed financing options. They turned to us for their spare engines. They needed a tailored solution and after a process of working collaboratively together we proposed a unique solution. As Matt explained at the time, "there were elements of the transaction that benefited Hawaiian Airlines that other lessors could not provide."
The road ahead
We have enjoyed working closely with Hawaiian Airlines for over 13 years. Long-term customer relationships are important to us.
"We felt throughout the entire process that we were dealing with a partner and not a financial counter-party…we are very happy where we have come over the last 13 years and we look forward to future opportunities together."
Matt Baumgarth, Director Fleet Acquisitions