Phoenix-based Mesa Air Group reached a settlement with the former controlling shareholder of Aloha Airlines that Mesa hopes will allow it to rename its Go! subsidiary Aloha. Under the deal, Mesa has agreed to pay private-equity firm Yucaipa $2 million in cash, issue shares of Mesa common stock equal to 10 percent of its currently outstanding shares and provide former Aloha Airlines employees certain inter-island travel benefits.
Aloha
October 18, 2006 - 10:32am
Jonathan Ornstein has heard assorted descriptions of his management style during his years in the regional airline business, but no one can accuse the Mesa Air Group chairman and CEO of standing still.
