PNCL Files Chapter 11
#281
Gets Weekends Off
Joined APC: Jan 2008
Posts: 251
That Canadian article says the Q's will be transferred to another yet to be specified United Express carrier.
http://www.cbc.ca/news/business/stor...y.html?cmp=rss
So let's see, I'm going to throw out my speculative time-line. Feel free to add or omit or disagree.
Trenary resigns with a nice package on 3-24-11
In October Commutair management surprisingly and suddenly decides to wrap up years of grinding contract negotiations in a few weeks. Didn't they also manage to get a Q400 operating certificate too? I'm not sure.
Menke asks for a 60% raise while attempting to chop up pilot wages
1 year after Trenary resigns Pinnacle declares BK.
Canadian companies who want their $600+ millions mention that the Q's will be going to another UAX partner.
***. And we ants just run around while corporate bastards plan their retirements and how they will get around minor inconveniences like bankruptcies without losing their salaries, profits, or market share. Pay no attention to the man behind the green curtain. I'm all for capitalism and economic drivers for innovation, efficiency, and success, but the closed door cigar-smoking back-slapping sun-tanning sessions going on with management while people's livelihoods are on the line is over the top.
http://www.cbc.ca/news/business/stor...y.html?cmp=rss
So let's see, I'm going to throw out my speculative time-line. Feel free to add or omit or disagree.
Trenary resigns with a nice package on 3-24-11
In October Commutair management surprisingly and suddenly decides to wrap up years of grinding contract negotiations in a few weeks. Didn't they also manage to get a Q400 operating certificate too? I'm not sure.
Menke asks for a 60% raise while attempting to chop up pilot wages
1 year after Trenary resigns Pinnacle declares BK.
Canadian companies who want their $600+ millions mention that the Q's will be going to another UAX partner.
***. And we ants just run around while corporate bastards plan their retirements and how they will get around minor inconveniences like bankruptcies without losing their salaries, profits, or market share. Pay no attention to the man behind the green curtain. I'm all for capitalism and economic drivers for innovation, efficiency, and success, but the closed door cigar-smoking back-slapping sun-tanning sessions going on with management while people's livelihoods are on the line is over the top.
#282
Gets Weekends Off
Joined APC: Jan 2008
Position: Bebe Bus De L'Air Assistant Aerial Conveyance Facilitator
Posts: 351
Yea guys!?1? What does it mean, they are ceasing operation of the Saabs by August and the Q400 by November! What does this mean to the props? Come on man. Before years end Pinnacle will be a CRJ 200 & 900 operator for Delta! It's written all over the thread and on any press release you read about Pinnacle!
Chill, dude.
#285
Pinnacle has asked the DOT to establish an accelerated process to identify replacement carriers for the EAS markets it serves, which are currently served by Saab 340 aircraft.
The remaining Saab 340 fleet that Colgan operates for United Express will be wound down over the next several months, with these operations projected to end by Aug. 1, 2012. Similarly, Colgan’s Q400 aircraft operations will be wound down by Nov. 30, 2012.
*A simple visit to a search engine would quench your information hunger my dear friend. Ahh the joys of the internet!
On January 4, 2012, the Mesaba operation was fenced into the current Pinnacle Airlines operating certificate. In the future the Colgan Airlines operating certificate will be renamed Mesaba.
#286
#287
#288
Gets Weekends Off
Joined APC: Oct 2011
Position: Taco Rocket Operator
Posts: 2,485
For someone who isn't completely up to date with the goings on at Pinnacle, what is the status of Mesaba? I thought Colgan was going to get folded into Mesaba and it was going to be just Pinnacle flying jets and Mesaba flying props. Does this BK mean that there won't be any props left at Pinnacle?
The original plan was to move all the jets to the Pinnacle certificate and the props to the Mesaba certificate and get rid of the Colgan certificate. Due to the cost issues of starting the Q400 on the Mesaba certificate, it was decided to move the props to the Colgan certificate and get rid of the Mesaba Certificate. Then the company was going to rename Colgan Mesaba. The jets were placed on the Pinnacle certificate in Jan and the Mesaba certificate went away. There hadn't been any talk about the renaming of the Colgan certificate since December. Yesterday the company filed bankruptcy and all of the Colgan aircraft are being returned to lessors and the certificate will go away when the last Q is returned in December.
#289
Gets Weekends Off
Joined APC: Jan 2008
Position: Bebe Bus De L'Air Assistant Aerial Conveyance Facilitator
Posts: 351
The original plan was to move all the jets to the Pinnacle certificate and the props to the Mesaba certificate and get rid of the Colgan certificate. Due to the cost issues of starting the Q400 on the Mesaba certificate, it was decided to move the props to the Colgan certificate and get rid of the Mesaba Certificate. Then the company was going to rename Colgan Mesaba. The jets were placed on the Pinnacle certificate in Jan and the Mesaba certificate went away. There hadn't been any talk about the renaming of the Colgan certificate since December. Yesterday the company filed bankruptcy and all of the Colgan aircraft are being returned to lessors and the certificate will go away when the last Q is returned in December.
Good luck to all you guys.
#290
Gets Weekends Off
Joined APC: Aug 2007
Position: Skeptical
Posts: 378
Pinnacle’s bankruptcy underlies growing weakness of US regional carriers | CAPA
Interesting account of the timeline and factors leading up to the BK declaration, including the fact that:
So the decision to declare BK was made MANY moths ago, long before numbers 1 & 2 decided to stuff their pockets full of cash.
Interesting account of the timeline and factors leading up to the BK declaration, including the fact that:
Initial negotiations between Delta and Pinnacle covering DIP financing began in Jan-2012 but ended when the two carriers failed to agree on the amount of funding and pricing. Talks that eventually led to the negotiated settlement began in Mar-2012.
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