No furloughs at Pinnacle?
06-03-2012, 05:53 AM
#112
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Joined APC: Dec 2010
Posts: 687
Welcome to Pinnacle Airlines Corp. - Investor Relations - SEC Filings
On April 1, 2012, Pinnacle Airlines Corp., Pinnacle Airlines, Inc. and Delta entered into a Third Amended and Restated Airline Services Agreement (the “A&R CRJ-200 ASA”), which amends and restates the CRJ-200 ASA. The A&R CRJ-200 ASA modifies rates paid by Delta for services performed by Pinnacle Airlines, Inc., including changes to the margin payment. In addition, the term of the CRJ-200 ASA was extended by four and one-half years and will now expire July 1, 2022.
Upon a change of control of the Company, Delta has both the option to remove up to 70 aircraft from Pinnacle over a three-year period and the option to extend the A&R CRJ-200 ASA for another five years without the obligation to reset rates. In addition, certain operating performance measurement formulas would be revised in Delta’s favor.
On April 1, 2012, Pinnacle Airlines Corp., Pinnacle Airlines, Inc. and Delta entered into a Third Amended and Restated Airline Services Agreement (the “A&R CRJ-200 ASA”), which amends and restates the CRJ-200 ASA. The A&R CRJ-200 ASA modifies rates paid by Delta for services performed by Pinnacle Airlines, Inc., including changes to the margin payment. In addition, the term of the CRJ-200 ASA was extended by four and one-half years and will now expire July 1, 2022.
Upon a change of control of the Company, Delta has both the option to remove up to 70 aircraft from Pinnacle over a three-year period and the option to extend the A&R CRJ-200 ASA for another five years without the obligation to reset rates. In addition, certain operating performance measurement formulas would be revised in Delta’s favor.
06-03-2012, 03:20 PM
#114
:-)
Joined APC: Feb 2007
Posts: 7,339
One thing about the new 50 seat scope in the DAL TA is that the regionals have to be willing to park the 50 seaters otherwise Delta can't add 76 seat jets. That will force Delta to write new ASA's with DCI, so the ones you see right now will probably change.
06-04-2012, 03:52 AM
#115
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Joined APC: Jan 2008
Posts: 176
Pinnacle can feel all warm and fuzzy about the new ASA they signed but that Delta can and will adjust the how many and who has the planes at their convenience.
Wait for the company to say we have to prepare for being a 41 aircraft operation, and we have to take the cuts they want to keep those...
06-04-2012, 09:06 AM
#116
:-)
Joined APC: Feb 2007
Posts: 7,339
What does "Willingness" on the DCI side have to do with it?
Pinnacle can feel all warm and fuzzy about the new ASA they signed but that Delta can and will adjust the how many and who has the planes at their convenience.
Wait for the company to say we have to prepare for being a 41 aircraft operation, and we have to take the cuts they want to keep those...
Pinnacle can feel all warm and fuzzy about the new ASA they signed but that Delta can and will adjust the how many and who has the planes at their convenience.
Wait for the company to say we have to prepare for being a 41 aircraft operation, and we have to take the cuts they want to keep those...
If a DCI carrier wants to receive 76 seat jets it must agree to a new ASA that covers the new flying, and the parking of 50 seaters. If the regional says no, they keep their current ASA.
06-04-2012, 10:32 AM
#118
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Joined APC: Feb 2007
Posts: 7,339
Delta right now could give all our RJ's at pinnacle and Comair to other carriers and force a major reduction of 50 seater flying, they choose not to do that(YET). Instead Delta is using this as a bargaining chip to get access to more 76 seaters.
06-04-2012, 10:43 AM
#119
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Joined APC: Nov 2009
Position: AN124 FE
Posts: 1,226
Very true, but it's the Delta pilots who are voting for a scope contract that has holes in it. Management can still do whatever they want with respect to scope. I would think Delta, if the TA passes, could get the 76 seaters and still operate as many 50 seaters as they wanted.
Delta right now could give all our RJ's at pinnacle and Comair to other carriers and force a major reduction of 50 seater flying, they choose not to do that(YET). Instead Delta is using this as a bargaining chip to get access to more 76 seaters.
Delta right now could give all our RJ's at pinnacle and Comair to other carriers and force a major reduction of 50 seater flying, they choose not to do that(YET). Instead Delta is using this as a bargaining chip to get access to more 76 seaters.
1st take delivery of a NB aricraft at Mainline 1.1-1.5 airframes
2nd DCI then can get 1 76 seat aicraft
3rd Delta then has to park 2-3 50 seaters
All steps have to take place (numbers are not exact but you can get the point)
06-04-2012, 02:03 PM
#120
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Joined APC: Jan 2008
Position: 320A
Posts: 333
Talk to an attorney, the new Delta TA scope isn't enforceable in court unless all parties come to an agreement. That's why Delta has the "factors beyond our control" clause in there.
If a DCI carrier wants to receive 76 seat jets it must agree to a new ASA that covers the new flying, and the parking of 50 seaters. If the regional says no, they keep their current ASA.
If a DCI carrier wants to receive 76 seat jets it must agree to a new ASA that covers the new flying, and the parking of 50 seaters. If the regional says no, they keep their current ASA.
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