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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