Colgan (Pinnacle) 15 more Qs?
02-07-2012, 06:44 PM
#101
Gets Weekends Off
Joined APC: Feb 2010
Posts: 2,342
I am glad you gave specifics. So by the end of April you will have to modify your predictions (facts according to you) just like Harold Camping. I can't wait to watch your virtual carpet dance to impress an audience of anonymous posters.
02-07-2012, 06:44 PM
#103
Gets Weekends Off
Joined APC: Nov 2009
Position: AN124 FE
Posts: 1,226
02-07-2012, 06:45 PM
#104
Gets Weekends Off
Joined APC: Jan 2008
Position: CL-65 captain
Posts: 2,244
You will be an FO for life since the world ends in DEC anyways. And that's a fact.
02-07-2012, 06:48 PM
#105
Day puke
Joined APC: Feb 2006
Position: Out.
Posts: 3,865
yeah... he signs his PBS e-mails as "captain" but he's not actually qualified as a captain (awarded, but hasn't gone to training because of PBS buyout).
Also to the guy asking if Higney's character was in question, I say yes. He may have helped you with problems, but that was his job as a rep. While he was a rep he also threatened another ALPA pilots job. ("it would would be too bad if he failed a PC")... pretty despicable if you ask me.
Also to the guy asking if Higney's character was in question, I say yes. He may have helped you with problems, but that was his job as a rep. While he was a rep he also threatened another ALPA pilots job. ("it would would be too bad if he failed a PC")... pretty despicable if you ask me.
The good news: yes, we are getting Qs... 48 to be exact. We are buying Horizon.
The bad news is the integration bids will cripple us so much we will declare bankruptcy. Republic will buy us, and our seniority numbers will fall right behind the Midwest guys.
Shy Guy will be hired as the new CFO 
, and all pilots will be converted to flight attendants. (when hiring starts, feel free to reapply)
Guess it's time to jump to GoJet!
The bad news is the integration bids will cripple us so much we will declare bankruptcy. Republic will buy us, and our seniority numbers will fall right behind the Midwest guys.
Shy Guy will be hired as the new CFO , and all pilots will be converted to flight attendants. (when hiring starts, feel free to reapply)Guess it's time to jump to GoJet!
(just stirring the pot y'all)
02-07-2012, 07:19 PM
#106
Property of Scheduling
Joined APC: Sep 2006
Position: Bus driver
Posts: 2,573
At this point it's spitting into a hurricane when the spectators think its an afternoon storm.
Find the facts, then launch your attacks. Politics 101.
Fwiw, my fed ride was April 1 of 2011. Logged roughly 300 TJPIC since then. Not sure where this "unqualified" nonsense is coming from. I have never dequaled, nor lost my CA seat since I was awarded it based on seniority over a year ago. May I remind you that I pushed multiple resolutions requiring everyone in any union spot (can't touch company spots) to remain current.
And no, I have never gone after a pilot's job, but have put every bit of effort into saving many in my time here. If you can find otherwise, I would love to hear it so I can learn from the mistake.
I am not sure why this is even relevant within this thread, but those are the facts. It's pretty sad when I have to defend my qualification when it can easily be seen by the bid pack. Why else would I be due for recurrent sim and ground in March with a November hire date?
Find the facts, then launch your attacks. Politics 101.
Fwiw, my fed ride was April 1 of 2011. Logged roughly 300 TJPIC since then. Not sure where this "unqualified" nonsense is coming from. I have never dequaled, nor lost my CA seat since I was awarded it based on seniority over a year ago. May I remind you that I pushed multiple resolutions requiring everyone in any union spot (can't touch company spots) to remain current.
And no, I have never gone after a pilot's job, but have put every bit of effort into saving many in my time here. If you can find otherwise, I would love to hear it so I can learn from the mistake.
I am not sure why this is even relevant within this thread, but those are the facts. It's pretty sad when I have to defend my qualification when it can easily be seen by the bid pack. Why else would I be due for recurrent sim and ground in March with a November hire date?
02-07-2012, 07:30 PM
#107
Gets Weekends Off
Joined APC: Nov 2008
Position: Airbus 320 Right Seat
Posts: 1,440
Item 1.01 Entry into a Material Definitive Agreement
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
02-07-2012, 07:45 PM
#108
Gets Weekends Off
Joined APC: Jul 2011
Position: Airbus button pusher
Posts: 2,448
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Last edited by UAL T38 Phlyer; 02-07-2012 at 08:10 PM. Reason: Language; Flamebait; TOS
02-08-2012, 06:52 AM
#109
Gets Weekends Off
Joined APC: Jun 2010
Position: Doing what you do, for less.
Posts: 1,792
Item 1.01 Entry into a Material Definitive Agreement
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
United wouldn't want Pinnacle to go bankrupt with no-notice. Their planes could stop flying the next day and there would be huge service disruptions. This keeps Pinnacle out of bankruptcy for 3 months while United looks for someone else to fly the planes. At the end of the 3 months, the ball is solely in United's court, with 2 possible outcomes.
1) They agree to continue to pay more than the agreed upon rate to Pinnacle, an unstable carrier, for the remainder of the time flying the airplanes, with no other reason than the goodness of their hearts.
2) They find someone else who actually has an operation that works and award the flying to them. Even if they end up paying a higher rate to this new airline, it still might be less than or equal to what Pinnacle is asking. They then set up a transition and the Colgan planes, one by one, get "Operated by XYZ Airlines" painted on them.
#2 seems a lot more likely to me. I don't think anyone at Pinnacle should take this as good news.
02-08-2012, 07:39 AM
#110
Gets Weekends Off
Joined APC: Nov 2008
Position: Airbus 320 Right Seat
Posts: 1,440
Item 1.01 Entry into a Material Definitive Agreement
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
As of February 1, 2012, Pinnacle Airlines Corp. (the "Company") and its subsidiary, Colgan Air, Inc. ("Colgan"), entered into an agreement (the "Interim Agreement") with Continental Airlines, Inc. and United Air Lines, Inc. (collectively, "United"): (i) amending the terms of the parties' Capacity Purchase Agreement dated February 2, 2007 (the "Capacity Purchase Agreement") for an interim period; and (ii) setting forth provisions related to possible further modifications to and restructuring of the Capacity Purchase Agreement after such period. The material terms of the Interim Agreement include:
� The term of the Interim Agreement commenced on February 1, 2012 and will end on April 2, 2012 (the "Term").
� During the Term, United shall pay certain aircraft ownership expenses and increased rates for Colgan's provision of regional air services, including services provided by Colgan's Saab aircraft under provisions substantially identical to the Capacity Purchase Agreement. Increased revenue received from United under the Capacity Purchase Agreement is expected to more than offset the lost benefit the Company previously negotiated with Export Development Canada for deferral of principal and interest payments for Q400 aircraft.
� If the parties do not reach a long term agreement revising the relationship of the parties under the Capacity Purchase Agreement and their pro-rate agreements beyond the Term, then United shall have the right, upon notice, to elect to modify the number of aircraft Colgan would operate under the Capacity Purchase Agreement after expiration of the Term. United would continue to pay the increased rates during this modification period.
� The increases in the rates to be paid by United to Colgan under the Capacity Purchase Agreement during the Term shall be structured as an interest-free loan which shall be automatically forgiven upon expiration of the Term or of the modification period, whichever is applicable.
The Company will file the Interim Agreement as an exhibit to a future periodic report.
Looks like we bought some more time ........... ????
United wouldn't want Pinnacle to go bankrupt with no-notice. Their planes could stop flying the next day and there would be huge service disruptions. This keeps Pinnacle out of bankruptcy for 3 months while United looks for someone else to fly the planes. At the end of the 3 months, the ball is solely in United's court, with 2 possible outcomes.
1) They agree to continue to pay more than the agreed upon rate to Pinnacle, an unstable carrier, for the remainder of the time flying the airplanes, with no other reason than the goodness of their hearts.
2) They find someone else who actually has an operation that works and award the flying to them. Even if they end up paying a higher rate to this new airline, it still might be less than or equal to what Pinnacle is asking. They then set up a transition and the Colgan planes, one by one, get "Operated by XYZ Airlines" painted on them.
#2 seems a lot more likely to me. I don't think anyone at Pinnacle should take this as good news.
Not trying to pretend we're all saved or anything like that. But the flying can't go away that quick. No airline out there could replace Colgana flying with out months of prep work. Just bought time is all that happened, results at the end are still in known
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