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

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But when you read reports of JO, he makes it sound like everything is alright. Keeps talking about the future. Doesn't sound like someone who is about to file BK. I'm willing to bet they've found some kind of investment opportunity or something.

JO is a used car salesman. He can sell water to a fish...
 
But when you read reports of JO, he makes it sound like everything is alright. Keeps talking about the future. Doesn't sound like someone who is about to file BK. I'm willing to bet they've found some kind of investment opportunity or something.

His house is currently listed for sale... :rolleyes:
 
Court delays decision on Aloha name




Associated Press - December 3, 2008 6:44 PM ET
HONOLULU (AP) - A U.S. Bankruptcy Court judge has temporarily blocked a move by Mesa Air Group to rebrand its go! airlines as Aloha Airlines.
Judge Lloyd King decided Wednesday to continue the matter until Feb. 19 to give both supporters and opponents more time to respond.
Phoenix-based Mesa wants King to approve Tuesday's auction sale in which Yucaipa Cos. submitted a winning $750,000 bid for Aloha's intellectual property rights.
Under a legal settlement reached last week, Yucaipa has agreed to license Mesa to use the Aloha name for 10 years.
Aloha filed for bankruptcy and folded its passenger service in March. The airline blamed high fuel prices and a 2-year-long airfare price war triggered by the entry of go! into the Hawaii market in 2006.

 
Mesa's attempt to license Aloha name blocked

By Dave Segal
POSTED: 11:30 a.m. HST, Dec 03, 2008
Mesa Air Group’s attempt to license the Aloha Airlines name and re-brand Mesa’s go! aircraft was temporarily blocked today by federal Bankruptcy Judge Lloyd King.

Citing an insensitivity by Mesa and Yucaipa Cos., which earlier this year bought the Aloha lawsuit against Mesa, King said he would continue the matter until Feb. 19 to give both supporters and opponents of the deal more time to respond.

Yucaipa, the former controlling shareholder for Aloha, had won the rights to Aloha’s intellectual property yesterday at an auction with a $750,000 bid that reduced the amount of money it was owed by Aloha.

Mesa had gained the apparent licensing rights to the Aloha name through a lawsuit settlement it reached last Friday with Yucaipa.
Mesa Air Group’s attempt to license the Aloha Airlines name and re-brand Mesa’s go! aircraft was temporarily blocked today by federal Bankruptcy Judge Lloyd King.
Citing an insensitivity by Mesa and Yucaipa Cos., which earlier this year bought the Aloha lawsuit against Mesa, King said he would continue the matter until Feb. 19 to give both supporters and opponents of the deal more time to respond.
Yucaipa, the former controlling shareholder for Aloha, had won the rights to Aloha’s intellectual property yesterday at an auction with a $750,000 bid that reduced the amount of money it was owed by Aloha.
Mesa had gained the apparent licensing rights to the Aloha name through a lawsuit settlement it reached last Friday with Yucaipa
 

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