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Hawaiian Airlines Inc. execs were suspicious when in 2005 Mesa Air Group, Inc., began offering low-cost interisland flights in the state. It was just over a year since Hawaiian and competitor Aloha Air had been in bankruptcy, and Mesa looked at both as potential acquisitions. Mesa’s CFO George Murnane had signed a nondisclosure agreement with Hawaiian, including provisions that the Arizona-based carrier would not, for at least two years, use any information gotten through due diligence “to obtain any competitive advantage,” should an acquisition not take place.

 

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