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.
Hawaii taxpayers left holding the bag for $40 million plus....should've followed the law from day one. Lingle can count this one as one of the dismal failures of her administration.
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