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Sun, Nov 30, 2008

Aero-News: Quote of the Day (11.30.08)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"We are extremely pleased to resolve all claims put forward in this litigation and look forward to re-branding service under the Aloha name in the near future. This settlement resolves all claims by Aloha Airlines related to Mesa's entry into the Hawaiian inter-island market and permits us to focus solely on our core competency of providing the best service, convenient schedules and low fare pricing to our customers. We intend to carry on Aloha's proud tradition, maintain Mesa's status as Hawaii's low cost air carrier and look forward to future growth opportunities made possible by this settlement."

Source: Jonathan Ornstein, CEO of Mesa Air Group. Mesa has settled with the former controlling shareholder of Aloha Airlines, concerning a lawsuit stemming from Mesa's alleged wrongdoing over pricing for its go! Airlines inter-island subsidiary... which conspired to drive 61-year-old Aloha out of business. Under terms of the settlement announced Friday, Mesa admits no wrongdoing in bringing about Aloha's demise... but it will make a cash payment of $2 million to Aloha's biggest shareholder. It may also soon adopt the Aloha name for go!

FMI: Click Here To Read The Full Story

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