CommutAir Rumors and Info
11-17-2011, 01:09 PM
#22
Line Holder
Joined APC: Jun 2011
Posts: 87
Since when do you need cash to buy an airline? This is a modern business environment. Cash not required; only leveraged debt.
Are you one of those "professional pilot" aviation, *ahem, degree guys? I sure hope not. Too many of those cockpit monkeys out there.
Are you one of those "professional pilot" aviation, *ahem, degree guys? I sure hope not. Too many of those cockpit monkeys out there.
11-17-2011, 03:25 PM
#26
Gets Weekends Off
Joined APC: Aug 2008
Position: MSP CA
Posts: 353
Like I said in an earlier post, Pinnacle Corp is in NO position to be buying ANY airline right now, in fact I would be supprised If they can survive the next year or two without going into BK. If they do pull off of this merger of Pinnacle, Mesaba, and Colgan and they start looking to purchace another airline, I would guess it would be one that has either a.) Q400's or b.) CRJ900's and nothing else!
11-17-2011, 04:20 PM
#27
Gets Weekends Off
Joined APC: May 2006
Position: CA
Posts: 532
Originally Posted by CAPTAINPCL
Like I said in an earlier post, Pinnacle Corp is in NO position to be buying ANY airline right now, in fact I would be supprised If they can survive the next year or two without going into BK. If they do pull off of this merger of Pinnacle, Mesaba, and Colgan and they start looking to purchace another airline, I would guess it would be one that has either a.) Q400's or b.) CRJ900's and nothing else!
Pinnacle Airlines Cash and ST Investments (PNCL)
11-17-2011, 04:44 PM
#28
Gets Weekends Off
Joined APC: Aug 2008
Position: MSP CA
Posts: 353
Originally Posted by ConnectionPilot
Why would you think 9E would go into bankruptcy? Pinnacle has plenty of cash to stay afloat. Menke is making these decisions so we don't lose any more money. Look at 2007 compared to this year. The economy crashed and so did the airlines. Can it happen again? Of course, but at Pinnacle's current rate, BK is last resort.
Pinnacle Airlines Cash and ST Investments (PNCL)
Pinnacle Airlines Cash and ST Investments (PNCL)
11-17-2011, 04:55 PM
#29
Inverted
Joined APC: Jun 2009
Position: CL65 CA
Posts: 536
Originally Posted by CAPTAINPCL
I'm not saying they are forsure going into bankruptcy, but rather it would be a much more likely outcome than Corp buying another airline. There is going to be some MAJOR training costs this next year from the latest 11-09.
"Fiscal Year 2012 Contract Rate Adjustment with Delta
The Company's operating agreements with Delta provide for an increase to revenue based on changes in the Company's pilot labor costs after integrating the pilot groups and regional jet operations of the Company's operating subsidiaries. This increase will come in the form of a one-time payment to the Company, expected to be received in mid-2012, tied to pilot labor and training costs incurred during the integration process (as measured over the previous 12 months), and a prospective rate increase based on the Company's pilot labor costs after integration is complete. Management currently estimates the one-time payment to be as much as $18 million to $20 million, and the prospective rate increase to be received post-integration to be as much as $14 million to $17 million annually. The Company's year-to-date 2011 operating results do not reflect the one-time retrospective payment or this expected revenue increase."
Last edited by aviatorpr; 11-17-2011 at 05:26 PM.
11-17-2011, 05:18 PM
#30
Gets Weekends Off
Joined APC: Oct 2008
Position: In charge of the remote
Posts: 207
Originally Posted by CAPTAINPCL
I'm not saying they are forsure going into bankruptcy, but rather it would be a much more likely outcome than Corp buying another airline. There is going to be some MAJOR training costs this next year from the latest 11-09.
We are not going to be declaring bankruptcy any time soon.
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