Saturday, May 30, 2009

BULLETIN! - SUPERFERRY FILES FOR BANKRUPTCY

Hawai`i Superferry Inc., which provided high-speed ferry service for cars and passengers between Hawai`i’s O`ahu and Maui islands, filed for bankruptcy protection today.


Hawai`i Superferry and parent HSF Holding Inc. filed Chapter 11 bankruptcy petitions in Wilmington, Delaware. They cited a Hawai`i Supreme Court ruling in March that struck down a state law permitting the company to operate before completing an environmental impact statement.