Mesa Air Group Settles Aloha Lawsuit and Agrees to Enter Long Term Licensing Agreement
Friday November 28, 5:41 pm ET


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.