Friday, Mesa Air Group, Inc. (MESA) announced 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 to make cash payment of $2 million, to issue shares of Mesa common stock equal to 10% of its currently outstanding shares. In addition, Mesa would provide certain Hawaiian inter-island travel benefits to the former employees of Aloha Airlines.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.