Hawaiian Airlines has signed agreements with Airbus and engine maker Rolls-Royce to acquire up
to 24 new long-range wide-body aircraft as the first step in a phased fleet
plan that will replace its current wide-body fleet of 18 aircraft, expand
its long-range fleet, and enable it to open new routes to more distant
markets on a nonstop basis from Hawaii.

  Hawaiian has signed Memoranda of Understanding with Airbus and
Rolls-Royce to acquire six wide-body A330-200 aircraft and six A350XWB
(Extra Wide Body)-800 aircraft, with purchase rights for an additional six
A330-200s and six A350XWB-800s. The agreements have a total list-price
value of approximately $4.4 billion if all of the purchase rights are
exercised.

  In addition, Mark Dunkerley, Hawaiian’s president and CEO, said the
agreements with Airbus and Rolls-Royce pave the way for the company to
lease additional A330 aircraft for introduction into its fleet as early as
2009, providing for growth and replacement of aircraft with leases expiring
during this timeframe.

  Dunkerley commented, “These agreements with Airbus and Rolls-Royce are
important steps in a long-range fleet plan that provides not only for fleet
renewal, but also for growth in our business. We are building flexibility
into the plan with some aircraft purchased, some to be leased and having
options for others, which will allow us to scale the fleet according to our
needs and opportunities over the next two decades.

  “The Rolls-Royce powered A350XWB represents the next generation of
super efficient aircraft, and the A330 is a state-of-the-art aircraft that
is slightly larger, more fuel efficient and can fly farther than our
current fleet. We’ll be able to open new markets with both aircraft and
contribute even more to the economy of our home state. Our business, our
employees and Hawaii will benefit.”

  Dunkerley added that the fleet transactions represent the largest
single investment in Hawaiian’s 78-year history and a clear statement of
the company’s deep commitment to its home market. “We are investing in the
future of both Hawaiian and Hawaii by bringing in additional aircraft.
These are not just additional seats to Hawaii, they are seats that are
dedicated to Hawaii year in and year out that will further diversify and
extend the reach of the state’s tourism interests and provide more local
jobs.”

  John Leahy, Airbus’ Chief Operating Officer-Customers, said, “Hawaiian
has earned a reputation as the leading carrier to Hawaii for quality and
value. This modern and efficient Airbus fleet will set a new standard for
extraordinary travel comfort to Hawaii for years to come.”

  Jim Guyette, President and Chief Executive Officer, Rolls-Royce North
America, said, “We’re looking forward to expanding our relationship with
Hawaiian Airlines, and to playing a central role in these exciting and
ambitious plans. The Trent engines they have selected will deliver the
world-beating levels of operational efficiency and environmental
performance which are at the heart of Hawaiian’s vision.”

  The first A350XWB-800 will join Hawaiian’s fleet in 2017. The wide-body
jet will seat 322 passengers in a two-class configuration (First and Coach)
and have a range of 69,000 nautical miles, which will give Hawaiian the
capability to fly nonstop between Hawaii and Asia, Australasia, the
Americas and Europe. The A350 carries 24 percent more passengers and is 20
percent more fuel efficient per seat mile than Hawaiian’s current fleet.

  Airbus will deliver the first new A330-200 to Hawaiian in 2012. The
wide- body twin-engine, twin-aisle A330-200 will seat 305 passengers in a
two-class configuration. With an operating range of 5,500 nautical miles,
the A330 can fly significantly farther than Hawaiian’s current fleet and
will provide the ability to serve all of North America and points in
eastern Asia nonstop from Hawaii. In addition, the A330 carries 45 more
passengers and is more fuel efficient than Hawaiian’s current fleet.
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