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

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Mosquito

Well-known member
Joined
Sep 22, 2004
Posts
132
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
 
Wow, so Mesa, the airline that killed Aloha... may end up branding itself as Aloha Airlines?

Talk about rubbing salt into the wound
 
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.
 
Stemming the tide of inevitability.
J.O. Sucks...............as does MESA!
 
Are you F%^$ing serious??? Mesa may use the Aloha name??? I don't think they can get any lower than that!!!
 

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