Pinnacle/SkyWest deal

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03-30-2012, 09:22 AM

#11

tom14cat14

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Quote:

Originally Posted by FlyingKat

Why buy it in a manner that you get stuck with the operation and the pilots. Better to just wait for bankruptcy and buy the pieces in a manner that allows you to take what you want without the employees.

I think the problem would come when skywest has to try and train 3000 pilots. If this were true i could see Delta/United making skywest buy everything like 9E was forced to buy XJ.

03-30-2012, 09:23 AM

#12

rightside02

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I was told from a fairly good source that shortly after skywest CEO was seen in Memphis with menke , all three CEOs skywest, pinnacle and
Delta CEO were all together in Atlanta for 4 days.

May mean nothing or the end of the world ......

03-30-2012, 09:28 AM

#13

B200 Hawk

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Quote:

Originally Posted by rightside02

Death to the 50 seaters.

03-30-2012, 09:28 AM

#14

Fly782

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Apparently the 14th floor has been restricted yesterday and today with most big wigs in town. Somethings up

03-30-2012, 09:32 AM

#15

Diesel450

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Quote:

Originally Posted by Fly782

Apparently the 14th floor has been restricted yesterday and today with most big wigs in town. Somethings up

03-30-2012, 09:35 AM

#16

MunkyButtr

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Quote:

Originally Posted by rickair7777

SKW is NOT going to buy pinnacle. They already have two problematic acquisitions they are still trying to sort out.

Maybe not, but I'm sure they'd love to pick up some 900s for pennies on the dollar....

03-30-2012, 09:44 AM

#17

FlyingKat

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Quote:

Originally Posted by tom14cat14

I think the problem would come when skywest has to try and train 3000 pilots. If this were true i could see Delta/United making skywest buy everything like 9E was forced to buy XJ.

Delta wants to get rid of more 50 seaters. You don't make long term business decisions based on short term needs. Pinnacle isn't that big of a deal. They can move these assets around as needed and get the flying covered. If you think a white knight is going to bail Pinnacle out you may be sorely dissappointed. It is very, very bad when a corporation has the payroll issues that Pinnacle is experiencing right now. It is a symptom of very serious financial issues inside the company that may take the whole circus down.

Hopefully someone comes in and saves Pinnacle's bacon. But right now its looking pretty bleak.

03-30-2012, 11:29 AM

#18

MatchPoint

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Quote:

Originally Posted by FlyingKat

I hear this argument all the time; you can't just buy the pieces in BK! If it were that easy Mesa would no longer exist as well as several others (US, DAL, UAL, etc.) who filed BK over the last 10 years. No, it's far more complicated.