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Bank Repo’s Air Kauai Helicopters… Again

On November 11th, I blogged that Air Kauai had it’s helicopters repossessed.

The following day, they were able to get them back.

Well now… they have lost them again!

airkauai

Air Kauai Inc., a Lihu’e, Hawaii-based company that specializes in island tours, had its helicopter fleet repossessed.

According to The Garden Island, U.S. Bankruptcy Judge Robert Faris gave the Bank of Hawaii the go-ahead to repossess two Eurocopter AS 350 helicopters last week.  Air Kauai failed to make its December payment of $31,402 to the bank and a $47,600 down payment to the insurance company, the newspaper reported.According to The Garden Island, the company took out two loans…

More here