SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

Hawaiian Holdings, Inc.

419879101

April 10, 2008

Check the appropriate box to designate the rule pursuant to which this is filed:

þ		Rule 13d-1(b)
þ		Rule 13d-1(c)
o		Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No.		419879101	13G

CUSIP No.		419879101	13G

CUSIP No.		419879101	13G

     Item 1.

	(a)		Name of Issuer:
			Hawaiian Holdings, Inc.
	(b)		Address of Issuer’s Principal Executive Offices:
			3375 Koapaka Street, Suite G-350, Honolulu, HI 96819

Item 2.

Schultze Master Fund, Ltd.

	(a)		Name of Person Filing:
			Schultze Master Fund, Ltd.
	(b)		Address of Principal Business Office or, if none, Residence:
			c/o Q&H Corporate Services Ltd., Third Floor, Harbour Centre, P.O. Box 1348GT, Grand Cayman, Cayman Islands
	(c)		Citizenship: Cayman Islands
	(d)		Title of Class of Securities:
			Common Stock, $0.01 par value
	(e)		CUSIP Number:
			419879101

Schultze Asset Management, LLC

	(a)		Name of Person Filing:
			Schultze Asset Management, LLC
	(b)		Address of Principal Business Office or, if none, Residence:
			3000 Westchester Avenue, Purchase, NY 10577
	(c)		Citizenship: Delaware
	(d)		Title of Class of Securities:
			Common Stock, $0.01 par value per share
	(e)		CUSIP Number:
			419879101

George J. Schultze

	(a)		Name of Person Filing:
			George J. Schultze
	(b)		Address of Principal Business Office or, if none, Residence:
			c/o Schultze Asset Management, LLC, 3000 Westchester Avenue, Purchase, NY 10577
	(c)		Citizenship: United States of America
	(d)		Title of Class of Securities:
			Common Stock, $0.01 par value per share

	(e)		CUSIP Number:
			419879101

              Schultze Asset Management, LLC acts as investment manager for individual and institutional investors through limited partnerships, offshore funds, and managed accounts (the “Managed Accounts”). In its capacity as investment manager, and pursuant to investment management agreements between Schultze Asset Management, LLC and each Managed Account, Schultze Asset Management, LLC has the sole power to vote and dispose of the securities owned by the Managed Accounts.

              Schultze Master Fund, Ltd. is one of Schultze Asset Management, LLC’s Managed Accounts. George J. Schultze is the Managing Member of Schultze Asset Management, LLC. George J. Schultze exercises sole voting and investment control over Schultze Asset Management, LLC.

              Both Schultze Asset Management, LLC and George J. Schultze disclaim beneficial ownership of the shares of Common Stock, $0.01 par value, reported, except to the extent of their respective pecuniary interest in such shares of Common Stock.

Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:

	(a)		o Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c).
	(b)		o Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
	(c)		o Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
	(d)		o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)		þ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);*
	(f)		o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)		o A parent holding company or control person in accordance with §240.13d-1 (b)(1)(ii)(G);
	(h)		o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
	(i)		o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)		o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
*	Schultze Asset Management, LLC is an investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

Item 4. Ownership.

Schultze Master Fund, Ltd.

	(a)		Amount beneficially owned: 4,867,368 shares.*
	(b)		Percent of class: 10.3%.
	(c)		Number of shares as to which the person has:

	(i)		Sole power to vote or to direct the vote: 0.
	(ii)		Shared power to vote or to direct the vote: 4,867,368.
	(iii)		Sole power to dispose or to direct the disposition of: 0.
	(iv)		Shared power to dispose or to direct the disposition of: 4,867,368.

*     Pursuant to an investment management agreement, Schultze Master Fund, Ltd. has granted Schultze Asset Management, LLC the sole power to vote and dispose of the shares of the Common Stock.

Schultze Asset Management, LLC

	(a)		Amount beneficially owned: 5,402,077 shares.*
	(b)		Percent of class: 11.4%.*
	(c)		Number of shares as to which the person has:

	(i)		Sole power to vote or to direct the vote: 0.
	(ii)		Shared power to vote or to direct the vote: 5,402,077.
	(iii)		Sole power to dispose or to direct the disposition of: 0.
	(iv)		Shared power to dispose or to direct the disposition of: 5,402,077.

*     Pursuant to investment management agreements, various Managed Accounts, including Schultze Master Fund, Ltd., have granted Schultze Asset Management, LLC the sole power to vote and dispose of the shares of the Common Stock.

George J. Schultze

	(a)		Amount beneficially owned: 5,402,077 shares.*
	(b)		Percent of class: 11.4%.*
	(c)		Number of shares as to which the person has:

	(i)		Sole power to vote or to direct the vote: 0.
	(ii)		Shared power to vote or to direct the vote: 5,402,077.
	(iii)		Sole power to dispose or to direct the disposition of: 0.
	(iv)		Shared power to dispose or to direct the disposition of: 5,402,077.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     The Managed Accounts, including Schultze Master Fund, Ltd., may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock held by such Managed Account. However, SAM, as the investment manager of each of the Managed Accounts, ultimately has the right to direct such activities.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding
             Company or Control Person.

     Not applicable.

Item 8. Identification and Classification of Members of the Group.

     Not applicable.

Item 9. Notice of Dissolution of a Group.

     Not applicable.

Item 10. Certification.

     (a) This Amendment No. 3 to Schedule 13G is being filed by Schultze Asset Management, LLC pursuant to Rule 13d-1(b):

     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     (b) This Amendment No. 3 to Schedule 13G is being filed by Schultze Master Fund, Ltd. and George J. Schultze pursuant to Rule 13d-1(c):

     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

		April 18, 2008
		SCHULTZE MASTER FUND, LTD.
		By:		/s/ George J. Schultze   Name: George J. Schultze
				Title: Director

		SCHULTE ASSET MANAGEMENT, LLC
		By:		/s/ George J. Schultze   Name: George J. Schultze
				Title: Managing Member
		/s/ George J. Schultze
		George J. Schultze

JOINT FILING AGREEMENT

     Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the undersigned persons hereby agree to the joint filing on behalf of each of them of the Amendment No. 3 to the Schedule 13G (including any amendments thereto, the “Schedule 13G”) with respect to the shares of Common Stock, $0.01 par value, of Hawaiian Holdings, Inc. Furthermore, each party to this Agreement expressly authorizes each other party to this Agreement to file the Schedule 13G on his behalf. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

Date: April 18, 2008

		SCHULTZE MASTER FUND, LTD.
		By:		/s/ George J. Schultze
		Name:		George J. Schultze
		Title:		Director

		SCHULTZE ASSET MANAGEMENT, LLC
		By:		/s/ George J. Schultze
		Name:		George J. Schultze
		Title:		Managing Member
		/s/ George J. Schultze
		George J. Schultze