Mesa Air Group Settles Aloha Lawsuit and Agrees to Enter Long Term Licensing Agreemen

[Mosquito]

PHOENIX, Nov. 28 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News) today announced that it entered into a settlement with the former controlling shareholder of Aloha Airlines concerning the Aloha Airlines lawsuit over Mesa's Hawaiian inter-island flight services operated under the go! brand name. Under the terms of the settlement, and without admitting any wrongdoing, Mesa agreed:

-- Mesa will make a cash payment of $2 million;
-- Mesa will issue shares of Mesa common stock equal to 10% of its currently outstanding shares;
-- Mesa will provide certain Hawaiian inter-island travel benefits to the former employees of Aloha Airlines; -- In the event the shareholder is able to purchase the "Aloha" name in the upcoming bankruptcy court auction, it will license the "Aloha" name to Mesa.

http://biz.yahoo.com/prnews/081128/clf916.html?.v=1

 

[Raoul Duke]

seems like good news for the Mesa pilots

 

[flyf15]

Wow, so Mesa, the airline that killed Aloha... may end up branding itself as Aloha Airlines?

Talk about rubbing salt into the wound

 

[414Flyer]

Oh God...

If Mesa ever did get ahold of the Aloha name, the former Aloha employees are going to feel like someone doused gasoline onto their wounds, followed by tossing a match on them.

 

[CX880]

How do they do it? Cockroaches and Mesa, I'm telling you.....

 

[Raoul Duke]

the former employees get ongoing travel benefits which for non-pilots is a big deal.

 

[badog]

Stemming the tide of inevitability.
J.O. Sucks...............as does MESA!

 

[amcnd]

Just when you think Mesa is at it's low!!! What the.....

 

[ronmel]

Are you F%^$ing serious??? Mesa may use the Aloha name??? I don't think they can get any lower than that!!!

 

[CX880]

haha Mesa BKed Aloha and took their name for 2 million!! What a joke.