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

Mosquito

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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
 

flyf15

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

Talk about rubbing salt into the wound
 

414Flyer

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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

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

Raoul Duke

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

badog

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

amcnd

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

ronmel

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

CX880

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

knewhigher

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its a sick sick world
 

GeekMaster

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It puts the lotion on the skin or else it gets the hose again..........

I guess Mesa gets to wear the suit JO made from Aloha's skin.
 

amcnd

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How are they going to do all this, when they are going to get de-listed on Dec 15th??? I don't get how Mesa always comes back stronger every time!!
 

brokedash

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Where's that guy with the avatar of Big Bird flipping the bird at? Figured he'd given a vile written tirad by now...
 

414Flyer

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And what if Mesa pulls out of Hawaii? Those inter-island mesa flights will do them a lot of good then
 

CX880

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And what if Mesa pulls out of Hawaii? Those inter-island mesa flights will do them a lot of good then
What a legacy for Aloha right? Went bankrupt after like half a century because of some bottom feeder. Then sold them their name for some petty cash. Then that bottom feeder regional wearing their name went out of business because of another Hawaiian regional airline with Ejets.
 

brokedash

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What a legacy for Aloha right? Went bankrupt after like half a century because of some bottom feeder. Then sold them their name for some petty cash. Then that bottom feeder regional wearing their name went out of business because of another Hawaiian regional airline with Ejets.
Sounds like a dog eat dog world...
 
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