Originally Posted by
buffmike80
I don't believe that they have to go to court with and airline that is no longer in business, there is no one to represent the company, I don't think all the creditors will try and pursue it so JO won that battle but looks like he is going to lose the war.
Aloha is still operating cargo flights IIRC, and are in Ch. 11 not Ch.7 bankruptcy.
In Ch.11 the company is still operating and has every incentive to pursue the mesa lawsuit.
Even in Ch.7 the creditors are still almost certain to press forward with the lawsuit in hopes of boosting the company's assets before they divide it all up. I think we are talking about approximately $100 Million.
If they go Ch.7 the creditors might be more willing to settle with mesa for a smaller amount, since they do not have the emotional involvement that the Aloha management does. However, a settlement would mean that JO might have to pay up immediately...he might prefer to drag out a court battle instead.