Skywest Buys Comair???????????
03-28-2007, 11:44 AM
#41
Gets Weekends Off
Joined APC: Sep 2005
Posts: 722
i could actually see the pinnacle thing happening too. seems like pinnacle is going to have a hard time finding the heads to fill those left seats with such a low time pilot group, the senior pilot group at comair would be shoe in's to jump ahead of the 250-500 hour heroes.
03-28-2007, 02:16 PM
#45
Gets Weekends Off
Joined APC: Mar 2006
Position: 330 B
Posts: 1,623
Thanx TD....I applied the night before last and haven't heard back yet. I heard people were getting emails within hours of applying and CMR is my first choice so I was curious. When do you interview...if you haven't already?
03-28-2007, 09:43 PM
#50
Guest
Posts: n/a
Pinnacle buying Comair? NO WAY.
Check out Pinnacles balance sheet from Yahoo finance:
http://finance.yahoo.com/q/bs?s=PNCL&annual
Cash is down to $705,000. There is no way they could afford it without some SERIOUS LEVERAGE. Remember, Delta sold ASA for $400 million and that's when they were desperate. I think Skywest and Republic are the only other regionals with the cash to pull off a Comair buyout. Hopefully, if it happens, it will be an IPO or a private equity group. That way there would be nothing but a good effect on the pilot group...none of the whipsaw BS.
http://finance.yahoo.com/q/bs?s=PNCL&annual
Cash is down to $705,000. There is no way they could afford it without some SERIOUS LEVERAGE. Remember, Delta sold ASA for $400 million and that's when they were desperate. I think Skywest and Republic are the only other regionals with the cash to pull off a Comair buyout. Hopefully, if it happens, it will be an IPO or a private equity group. That way there would be nothing but a good effect on the pilot group...none of the whipsaw BS.
Thread
Thread Starter
Forum
Replies
Last Post
