10-25-2007, 05:12 PM
Carrie, as part of the bankruptcy reorganization, both Aloha and Hawaiian were seeking investors to buy a stake in their operations and help prop them up financially. Mesa expressed an interest in investing and was given some financial statements and other inside information on the condition that it only be used for determining whether to invest and not in a competitive situation. Mesa declined to invest in either airline and shortly thereafter announced their intent to enter the Hawaii market. Lawsuits were the result.
Hope this helps bring you up to date,
Jerry
Hope this helps bring you up to date,
Jerry