Does latest Pinnacle announcement matter?

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02-08-2012, 04:04 AM

#21

usmc-sgt

Moderator

Joined APC: Jun 2006

Posts: 3,966

Quote:

Originally Posted by ShyGuy

LOL! So who's gonna vote yes on concessions? Menke just threatened the entire Colgan operation! How many company suckups are now gonna vote yes to concessions to try and save this company?

No man should ever use "LOL" "OMG" or any other term originally created by a 13 year old girl.

This does not only apply to shyguy, he is just the one who I happened to quote.

02-08-2012, 04:41 AM

#22

DMEarc

Gets Weekends Off

Joined APC: Nov 2006

Position: 737 Left

Posts: 828

Quote:

Originally Posted by seahawker01

Oh and remember we were making money on the Q’s until the last few months when Sean slashed the flying and increased staffing. Costs go up + Revenue goes down= ALPA/MGMT screaming doomsday. The good news is flying is coming back.

What? Do you have any evidence that the Q400 was profitable standalone? PNCL Airlines Corp. does not disclose earnings results by fleet type. This might be one of the more uneducated posts I've seen on APC in a long time.

02-08-2012, 05:00 AM

#23

BoilerUP

The NeverEnding Story

Joined APC: Sep 2005

Posts: 7,611

Why would Pinnacle Airlines Corp. buy an airline (Colgan) that operated a whole bunch of Q400s if they weren't profitable?

Either the Q400 is operationally profitable, or management performed below amateur level due diligence on Colgan's financials before the purchase.

02-08-2012, 05:23 AM

#24

mooney

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Joined APC: Jan 2008

Position: CL-65 captain

Posts: 2,244

Quote:

Originally Posted by BoilerUP

They didn't buy an airline (colgan) that operated a whole bunch of Q's. They bought an airline that had 0 Q's and then Pinnacle gave them Q's....

02-08-2012, 05:38 AM

#25

Milk Man

Gets Weekends Off

Joined APC: Oct 2008

Posts: 710

Quote:

Originally Posted by usmc-sgt

no man should ever use "lol" "omg" or any other term originally created by a 13 year old girl.

This does not only apply to shyguy, he is just the one who i happened to quote.

hahahahahahahahaha

02-08-2012, 05:46 AM

#26

yodafly

Line Holder

Joined APC: Oct 2010

Posts: 66

Lets call Pinnacle, Colgan's banker for the Q's.

02-08-2012, 05:52 AM

#27

yodafly

Line Holder

Joined APC: Oct 2010

Posts: 66

Colgan needed a loan, Pinnacle gave it to them. The conditions of the loan were Pinnacle would insert in there management. Nobody read the fine print saying they where going to bankrupt them.

02-08-2012, 06:11 AM

#28

Fly782

Gets Weekends Off

Joined APC: Nov 2009

Position: AN124 FE

Posts: 1,226

We will get a long term deal out of this, but I think it is going to come down to if Menke can make Ucals long term deal work. Skywest will not be buying them they lost money last Q and are with surejet, plus they arlready turned down an RFP for United because they werent going to get paid enough. Blowjets cannot staff their airline and it will take a while for anyone to start a training program. It is cheaper for us to do it, the only threat I would say is Commutair but I doubt they would get it either they are severely hurting for pilots right now.

02-08-2012, 06:24 AM

#29

yodafly

Line Holder

Joined APC: Oct 2010

Posts: 66

Cal/United has options with Colgan for 15 more Q's delivery to begin in September 2012. I have not read or heard if they have been exercised. For some reason, I think March might be the last date they were given to do this.