Aloha Airlines name may return to Hawaii skies in Mesa deal

Aloha Airlines may grace Hawai’i’s skies again, though this time the name would be used by the bankrupt carrier’s nemesis, the owner of go! airline. Mesa Air Group Inc. made the deal with Aloha’s former majority owner, Yucaipa Cos., to use the Aloha name as part of settling a lawsuit in which Aloha alleged that Mesa misused confidential information to launch go! and drive Aloha out of business. Other settlement terms call for giving Aloha’s roughly 3,500 former employees travel benefits on go!, paying Yucaipa $2 million and making Yucaipa a significant owner of Mesa by issuing the company close to 2.7 million shares of common stock, representing 10 percent of Mesa stock. Phoenix-based Mesa…

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