familyguy

Looks like OJ found a way to settle with Hawaiin. Of course he admits no wrong doing! To bad Hawaiin didn't hold out and take everything maybe then go! would have pulled out of Hawaii.



NEW YORK (MarketWatch) -- Hawaiian Holdings Inc. (HA: hawaiian holdings inc com

<IMG class=pixelTracking height=1 width=1 border=0>HA 7.92, +0.02, +0.3%) said Wednesday it has settled a lawsuit against Mesa Air Group Inc.

<IMG class=pixelTracking height=1 width=1 border=0>MESA 0.68, +0.13, +23.4%) for a cash payment of $52.5 million. Hawaiian had accused Mesa of using proprietary information, obtained while Hawaiian was in bankruptcy proceedings and seeking investors, to help its subsidiary go! airlines to compete in the Hawaiian market. In addition to the settlement, Mesa will also withdraw its appeal of an $80 million judgment awarded against Mesa by the U.S. bankruptcy court. In a statement, Mesa Air said the settlement doesn't restrict go!'s ability to continue services in the Hawaiian inter-island market. Shares of Mesa jumped 18% to 65 cents a share while Hawaiian shares rose 10.8% to $8.75.

muushin

Mesa is like the cockroach of the airline industry, you step on it, twisting your foot with determination, you hear it crackle,
but it does not die, its exoskeleton resiliently puffs back up, then it multiplies.

de727ups

Another thread already going on this.