Hawaiian Settles With Mesa

[WalterSobchak]

All the way from NYC....

MESA SUCKS!!!

 

[pipejockey]

Hawaiian Air, Mesa Air In Lawsuit Settlement >HA MESA


DOW JONES NEWSWIRES
April 30, 2008 8:47 a.m.

DOW JONES NEWSWIRES Hawaiian Holdings Inc.'s (HA) Hawaiian Airlines said it settled a lawsuit with Mesa Air Group (MESA) regarding Mesa's alleged misuse of confidential and propriety information obtained during Hawaiian's Chapter 11 bankruptcy reorganization in 2004.
The carrier said Mesa will pay it $52.5 million in cash and withdraw an appeal of the $80 million judgment awarded against Mesa by the U.S. Bankruptcy Court in Honolulu in October 2007.
Separately, Mesa, a Phoenix-based airline holding company, said it will receive $37.5 million from the bond the company previously posted with the bankruptcy court.
Mesa said it doesn't admit to any wrongdoing, and the settlement doesn't restrict flight by Go, its Hawaiian inter-island subsidiary.
-Shara Tibken; 201-938-5400; [email protected]

How pathetic!! Mesa is on the ropes just begging to get knocked out but typical shortsightedness by airline management eases the burden. Hawaiian probably needs the cash immediately so they cut off their nose to spite their face. A Hawaiian without Mesa would be a successful Hawaiian.

 

[SoberIrishman]

This has spoiled my evening. I had hoped they would be gone soon. Now I need to go get a bottle of something. So sad!

 

[captain007]

Is it just me or does ZK look like a mutant Eugene Levy in that picture?

I think he is at cal now. As long as none of them go to netjets!

 

[PA31Driver]

Is it just me or does ZK look like a mutant Eugene Levy in that picture?

:laugh: He does!!!

 

[Wesb737fo]

Doesn't Aloha have something to say in a few months.

 

[Salukipilot4590]

How did it get this far without one of these.

MESA SUCKS!!!!!!

D@mnit! You beat me!

Well you actually beat me by qute a while but still...

MESA SUCKS!!!
Except the pilots, my heart goes out to you guys! Fight the good fight my dawgs!

 

[HAL]

Just remember everyone - the original court award to HA was $80M. The extra $10M in the bond was just in case we won further awards, which probably wasn't likely given everyone's wish to speed this up. So we ended up actually getting $27.5M less than the award, but it still means that Mesa got a $52.2M kick in the crotch, and that's nothing they will be laughing about. Getting that $37.5M back into circulation means that they can pay off the bonds, but they still haven't done anything about the massive blood loss they're facing each and every day. It just puts off the inevetible a little longer. (Maybe long enough so they can face Aloha at trial this fall).

My guess is that although we had well over $100M in unrestricted cash on hand, our management thought the extra 50+ would come in handy since we are trying to expand the fleet.

At today's investor conference call, our management said that we should be announcing additional interisland aircraft shortly, and that we have signed a LOI for at least one more 767-300ER. That means growth & hiring. (it's about time!)

HAL

 

[fly4surf]

Keep it up HAL!

 

[lowlycfi]

I think he is at cal now. As long as none of them go to netjets!

He is there. I guess CAL has no standards or morals whatsoever.

 

[PA31Driver]

He is there. I guess CAL has no standards or morals whatsoever.

Well from what I hear from friends at CAL, ZK is on the hit list and CAL ALPA has been asking questions about him.

 

[Dan Roman]

HAL is right, smart move on Hawaiian's part. $52 mil now rather than pay lawyers and fight in court for who knows how long. Hawaiian is in major expansion mode, trans-pac and inter-island. Now is the time to put the Mesa cash to work.
THANK YOU Mr. Ornstein!!!

 

[grog_sit_reserv]

ZK at CAL! OMG

But what's worse? I'll tell you, an even bigger prick, SC, got hired at SWA. OMFG!

 

[Gr82Aviate]

ZK at CAL! OMG

But what's worse? I'll tell you, an even bigger prick, SC, got hired at SWA. OMFG!

Couldn't possibly be worse than ML, who also got hired at SWA...

 

[sluggo]

Mesa Sucks!