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

[brokedash]

Im speechless

That's a first regarding a Mesa related event...

 

[414Flyer]

Sounds like a dog eat dog world...

And unfortunately Aloha employees were wearing Milkbone underwear.

 

[Gelopilot79]

Whats the big deal folks, they are just painting he planes from Go! to Aloha. The operation is still bleeding money they need, CRJ's cannot compete with the more effeicent Ejets. Big Delta is pretty much gonna throw Freedom to the curb, cause their perf stats is still the lowest of all the DCI, and Delta clearly said only the strong will survive, so the writting is on the wall. They owe over 100mil in bonds, they don't even have 2% of that. They are dead in the water, this is just a small turnakit to slow the fated bleed off.

It sucks cause JO will walk off with money, meanwhile he should go to jail, They have a good group of pilots that don' deserve this. My best to them. If they do go under, They should pool together with ALPA (as futile that sounds) and get that ********************er on charges. Those pilots worked too hard to get screwed by that goon!

 

[Dan Roman]

My guess is that yes, Mesa is dying, but JO is trying to create an entity that he can at least sell off. He grossly misjudged the Hawaii market when he entered it, he is making the same mistake again.

 

[MONKEY]

Now that the lawsuit is settled, Mesa has become an acquisition target. If they get bought out, JO would get his large severance package and ride off into the sunset.

 

[Dart]

I agree..isnt mesa stock below 20 cents?? They wont last long.

Whats the big deal folks, they are just painting he planes from Go! to Aloha. The operation is still bleeding money they need, CRJ's cannot compete with the more effeicent Ejets. Big Delta is pretty much gonna throw Freedom to the curb, cause their perf stats is still the lowest of all the DCI, and Delta clearly said only the strong will survive, so the writting is on the wall. They owe over 100mil in bonds, they don't even have 2% of that. They are dead in the water, this is just a small turnakit to slow the fated bleed off.

It sucks cause JO will walk off with money, meanwhile he should go to jail, They have a good group of pilots that don' deserve this. My best to them. If they do go under, They should pool together with ALPA (as futile that sounds) and get that ********************er on charges. Those pilots worked too hard to get screwed by that goon!

 

[ACT700]

Does this mean Aloha will become a feeder for USAir?

 

[pdub20s]

Whats the big deal folks, they are just painting he planes from Go! to Aloha. The operation is still bleeding money they need, CRJ's cannot compete with the more effeicent Ejets. Big Delta is pretty much gonna throw Freedom to the curb, cause their perf stats is still the lowest of all the DCI, and Delta clearly said only the strong will survive, so the writting is on the wall. They owe over 100mil in bonds, they don't even have 2% of that. They are dead in the water, this is just a small turnakit to slow the fated bleed off.

It sucks cause JO will walk off with money, meanwhile he should go to jail, They have a good group of pilots that don' deserve this. My best to them. If they do go under, They should pool together with ALPA (as futile that sounds) and get that ********************er on charges. Those pilots worked too hard to get screwed by that goon!

Well I'm no JO fan, but this guy is no dummby.Some may call him the devil and some may call him a innovator. He is a Wall-Street guy and knows how to wheel and deal. I did not see this coming at all. I myself for one would like to see how he will pull us out the rest of this mess. Believe it or not but JO has a lot invested and riding on this company. He will fight like a Pit Bull to stay afloat. Its going to be interesting to see how this all pans out..

 

[PBRstreetgang]

Hey dub,
You gonna bid the island flying? Do it and see how far your JO, cash goes, not to mention the local hate you will have to endure, gonna suck having to change your JO monkey suit before leaving the airport. JO is a pitbull, right! More like a poodle with rabies. The final stake into the rabid vampire will be when UAL fires messa AGAIN, its coming just wait and see! When that happens, check out Burger King for that fry cook position, can you sing "ding fries are done"
Frikken retard
PBR
http://www.youtube.com/watch?v=QFQyib5ZQZY

 

[rightseatjocky]

Ezra,
You're so right!!!!
Mesa is the lowest of low........
I wonder if they could sell their mothers for a buck....
Friggen losers!!!!!!!!!!!
:smash:

 

[dowhite2]

"Frikken retard"

Give me a break PBR, Pdub never said he was bidding to fly out there. Pdub just basically stated its amazing the stuff JO pulls out of his hat at the last minute. I don't think anyone wasn't amazed by this one!

 

[pdub20s]

"Frikken retard"

Give me a break PBR, Pdub never said he was bidding to fly out there. Pdub just basically stated its amazing the stuff JO pulls out of his hat at the last minute. I don't think anyone wasn't amazed by this one!

Exactly... I owe you a beer!

 

[ex j-41]

Maybe they settled for $2million because they stand a better chance of getting that then if they went for $100 mil. If Mesa files chaper 7 then the only people to get cash is our federal government.
Something is better than nothing. I would take 2 instead of nothing.

 

[OCP]

Isn't there still the Hawaiian lawsuit to go?

 

[Raoul Duke]

no Hawaiian was settled a year or so ago for 52 mil! must be good to go first. There is a bs suit by mokulele but it does not have much to it and looks like it was filed solely in response to Mesa sueing them in PHX. Boyer has to be crapping himself with the ALOHA name going to Mesa. Could not have happened at a worse time for him.

 

[thepotato232]

Okay kiddies, Devil's Advocate time: With Mesa's acquisition of the Aloha name, issuing stock to the shareholders, and continued insistence on sticking it out in HI, this may bode well for their continued survival in the area.

The comment about the E170s being more efficient than CRJs only applies if the planes are booked. Load factors in the Mokulele operation have been far from full, and with the Hawaiian tourism industry still in the doldrums with no end in sight (something about a "global recession" or whatnot), island traffic isn't likely to get much better in the near future. RAH went over into that market with the expectation that Mesa would be out of the picture in the very near future. In the meantime, we've got four competing carriers in the same market. Has that ever worked? Hawaiian and Island Air still have the loyalty of the people over there who want to keep Hawaiian business local, for what that's worth. Aloha name recognition could sway loads of uneducated travelers in the future. In the meantime, Mesa can still keep things cheaper than the other jet guys by means of labor costs, etc. With the price of Jet-A dropping even in HI, we may see yet another logic-defying escape by Mesa at the expense of the other three carriers. Just a thought.

 

[Pilot124]

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

Don't jump to conclusions boys. The shareholders still ned to purchase the name first in BK court.

 

[CX880]

Mesa up to 35 cents today!!! 2 more weeks to go, can they do it!!!

 

[rene]

No risk of delisting

In case you missed it. There is no longer a risk of delisting. As part of the wall street bailout NASDAQ has suspended enforcement of the $1 minimum value rule.

 

[brokedash]

In case you missed it. There is no longer a risk of delisting. As part of the wall street bailout NASDAQ has suspended enforcement of the $1 minimum value rule.

Could you cite a reference on that?