For the first time since it filed for Chapter 11, Hawaii Superferry is flatly saying it won’t be back. Ever.
A Superferry lawyer told a bankruptcy judge in Wilmington, Del., the company won’t be returning to Hawaii, now that the judge has granted a motion to abandon its two ferries, handing them over to a federal agency that helped fund their construction.
Those who opposed Superferry in court blame the state for not doing the environmental impact statement the way they wanted in the first place. They argue that officials tried to skirt the regulations and should have simply followed them.
Those who wanted Superferry blame the opponents for fighting an enterprise that posed less threat to whales than tour boats do, and offered less opportunity for the spread of invasive species than Young Brothers does.
Both are right.
The demise of the Superferry dream was just one development Wednesday in the world of bankruptcies. A judge in Honolulu unexpectedly refused to extend Hawaiian Telcom’s exclusive power to draft a reorganization plan for itself, and said he would allow consideration of a rival plan by Sandwich Isles Communications.
Sandwich Isles hasn’t got financing to swallow Hawaiian Telcom, but it might be able to line up some now that it’s no longer simply being shut out. The judge indicated that he thought it would do no harm for the creditors to be able to review a couple of options, and he’s right.
That’s similar to the situation with Hilo Hattie, in which both of its two largest vendors are now working on reorganization efforts.
The bankruptcies keep on coming, by the way: the national bath and candle retailer Evelyn & Crabtree filed for Chapter 11 on Wednesday. Its Ala Moana Center store remains open for business.
There were 271 bankruptcy filings at the Honolulu federal bankruptcy office in June, the most in years, but most of those were Chapter 7 liquidations.