mooneyguy
been around forever
NEW YORK (MarketWatch) -- Hawaiian Holdings Inc. (HA:hawaiian holdings inc com
News, chart, profile, more
Last: 7.92+0.02+0.25%
10:33am 04/30/2008
MESA 0.67, +0.12, +20.9%) 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.
PHOENIX, April 30 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News) today announced that it entered into a settlement with Hawaiian Airlines concerning their long-running lawsuit over Mesa's inter-island flight services operated under the go! brand name. Under the terms of the Settlement and without admitting any wrongdoing, Mesa will receive $37.5 million from the Bond the Company previously posted with the United States Bankruptcy Court for the District of Hawaii. Hawaiian Airlines will be entitled to the remaining collateral of the Bond totaling $52.5 million. This settlement does not restrict in any way go!'s ability to continue to offer services in the Hawaiian interisland market
So Mesa get 32.5 million back...thats like a huge payday to them and they keep flying GO
Like i said before its not over til the fat lady sings!
News, chart, profile, more
Last: 7.92+0.02+0.25%
10:33am 04/30/2008
MESA 0.67, +0.12, +20.9%) 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.
PHOENIX, April 30 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News) today announced that it entered into a settlement with Hawaiian Airlines concerning their long-running lawsuit over Mesa's inter-island flight services operated under the go! brand name. Under the terms of the Settlement and without admitting any wrongdoing, Mesa will receive $37.5 million from the Bond the Company previously posted with the United States Bankruptcy Court for the District of Hawaii. Hawaiian Airlines will be entitled to the remaining collateral of the Bond totaling $52.5 million. This settlement does not restrict in any way go!'s ability to continue to offer services in the Hawaiian interisland market
So Mesa get 32.5 million back...thats like a huge payday to them and they keep flying GO
Like i said before its not over til the fat lady sings!
