Hawaii Island Air Inc. dba Island Air has announced the appointment of Peter Kravitz to its board of directors.
“Peter brings a wealth of experience to our board. As an attorney and expert on restructuring, Peter will provide critical guidance as we reshape this company and prepare it for sale,”said Chairman of the Board Charles F. Willis IV.
Kravitz’s primary focus of his practice is administering liquidating and litigation trusts as a trustee/plan administrator, serving as a chief restructuring officer (or other titled interim executive for restructuring enterprises), board member and disbursing agent.
“I am delighted to be a part of the board at Island Air. I am confident my skills and experience will allow me to contribute to the success of the company,”Kravtiz said.
Gavarnie Holding, LLC (“Gavarnie”), the parent company of Hawaii Island Air Inc., announced that Island Air has retained Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates (“Skadden”), and specifically Van C. Durrer II.
Durrer leads Skadden’s corporate restructuring practice in the western United States and advises clients in restructuring matters around the Pacific Rim. He regularly represents public and private companies, major secured creditors, official and unofficial committees of unsecured creditors, investors, and asset-purchasers in troubled company M&A, financings and restructuring transactions, including out-of-court workouts and formal insolvency proceedings.
“Skadden is recognized as one of the best at what they do and with Van providing guidance, we are positioning Gavarnie and Island Air with a great shot at becoming a profitable, independent airline serving the State of Hawaii. Skadden’s expertise is complementary to our existing Hawaii based legal counsel provided by Stewart Pressman and McCorriston Miller Mukai McKinnon LLP, who have consistently provided solid legal counsel,” said Michael Rodyniuk, executive vice chairman of Gavarnie Holding.
For more information, visit www.islandair.com.