Yucaipa, California

December 31, 2008 - 5:21am

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.

 
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