Pinnacle asking 7% from pilots

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01-26-2012, 06:23 AM

#411

tennisguru

Roll’n Thunder

Joined APC: Oct 2009

Position: Pilot

Posts: 3,838

Quote:

Originally Posted by Avroman

They could disappear very quickly, it would take a while for someone else to begin operating them though.

Pinnacle owns the 16 9E -900's, so Delta would have to acquire more airframes before the flying could be replaced. Granted they might be able to get them cheap from Pinnacle in BK, but that's not a given.

01-26-2012, 09:13 AM

#412

ConnectionPilot

Gets Weekends Off

Joined APC: May 2006

Position: CA

Posts: 531

Quote:

Originally Posted by tennisguru

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

01-26-2012, 11:59 AM

#413

lolwut

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Joined APC: Jun 2010

Position: Doing what you do, for less.

Posts: 1,792

Quote:

Originally Posted by ConnectionPilot

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

Isn't Pinnacle all about short term gains while ignoring long term consequences?

01-26-2012, 12:09 PM

#414

ConnectionPilot

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Joined APC: May 2006

Position: CA

Posts: 531

Quote:

Originally Posted by lolwut

Isn't Pinnacle all about short term gains while ignoring long term consequences?

With previous management, I'd say yes. With these guys, I have a hard time believing Menke wants to put his own name on the line taking a second company through a bankruptcy.

01-26-2012, 02:02 PM

#415

ShyGuy

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Joined APC: Dec 2005

Posts: 8,916

Quote:

Originally Posted by IBPilot

Hi ShyGuy!

I do not have multiple screen names. I post under ShyGuy only, and as you've noticed, I'm vocal about certain topics. I have no reason to have multiple screen names.

01-26-2012, 02:54 PM

#416

CW McCall

On Reserve

Joined APC: Jan 2012

Position: SkyWest CRJ FO

Posts: 10

Quote:

Originally Posted by block30

Does Delta's release of news of a good profit in 2011 have any bearing on the Pinnacle situation? I don't have the link because I am using my mobile, but the report is on atwonline.com.

I wondered the same thing when I read about Delta's profit.

01-26-2012, 03:04 PM

#417

Fly782

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Joined APC: Nov 2009

Position: AN124 FE

Posts: 1,226

New message from Menkester. Crj 900 and Q400 payments for the next 3 months are deferred until April. Read it quickly and jumped on here so I may have said something wrong.

Last edited by Fly782; 01-26-2012 at 03:38 PM.

01-26-2012, 03:15 PM

#418

tennisguru

Roll’n Thunder

Joined APC: Oct 2009

Position: Pilot

Posts: 3,838

Quote:

Originally Posted by Fly782

New message from Menkester. Crj 900 and Q400 payments for the next 3 months are deferred until April 12. Read it quickly and jumped on here so I may have said something wrong.

The lien holder on the airframes has agreed to defer for three months.

01-26-2012, 04:09 PM

#419

mooney

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Joined APC: Jan 2008

Position: CL-65 captain

Posts: 2,244

Quote:

Originally Posted by ConnectionPilot

I have a hard time believing Menke wants to put his own name on the line taking a second company through a bankruptcy.

Trenary had no problem with it....

01-26-2012, 04:11 PM

#420

higney85

Property of Scheduling

Joined APC: Sep 2006

Position: Bus driver

Posts: 2,573

Quote:

Originally Posted by ConnectionPilot

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

Nothing but liquidity.

Delta gets to play the RFP game to keep carrier costs in check with competition. Finance 101. We need liquidity and DL needs a pawn. Hello -900's now owned by DL and $100M in the PNCL coffer to run the operation before DL's contractual rate increase.

Chicken, meet egg.