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Old 07-01-2009, 03:36 PM   #51 (permalink)
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someone should publish that e-mail. this is "Airline Pilot Central". my guess is that alot of your brothers out there would like to see (read for themselves) how pace airlines 737 crews are being treated today.

Someone else can post it. I'm not sure what this new management would consider sensitive company information. I came from a company that would lurk on these forums looking for slander (or just general bad mouthing by the pilot group) then go after the pilot and the forum for it. So forgive me if I'm a little hesitant. Suffice it to say we are getting paid friday according to HR.
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Old 07-01-2009, 03:51 PM   #52 (permalink)
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They said payroll was getting processed Friday. Does that mean the money will be in our accounts Friday morning, or are they wiring the money on Friday and we should expect it to hit our banks on Monday after the holiday weekend?
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Old 07-01-2009, 03:53 PM   #53 (permalink)
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Your guess is as good as mine. I hope it's the former, but probably not.
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Old 07-02-2009, 12:24 PM   #54 (permalink)
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Agreed. You would think that with CAL's and UAL's 733/735's they are retiring, we could get great lease rates. I read somewhere that AeroMexico was trying to get rid of some of their 737-700's, but that would be a wet dream that would never happen at Pace.

Pace needs to have a descent credit rating too.
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Old 07-02-2009, 01:16 PM   #55 (permalink)
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Pace needs to have a descent credit rating too.
Supposedly that's what they're working on right now.
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Old 07-02-2009, 02:40 PM   #56 (permalink)
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Supposedly that's what they're working on right now.
Is there any new financial backing (hedge fund, private equity, etc) along with the change in leadership? That might enable access to more capital.
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Old 07-02-2009, 02:57 PM   #57 (permalink)
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No. I'm told by one of his friends that he has brought in enough money on his own to operate the airline and open lines of credit through his connections. The guy I talked to said he had worked on wall street for a major trying to find credit through the hedge funds and such, and he was glad he didn't have to do that any more. The new owner said he has no intentions of ever going public.
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Old 08-02-2009, 04:20 PM   #58 (permalink)
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what happened to pace payroll this week? pilots don't work for free!
Actually, it seems from industry sources, that Pace employees actually do work for free. Employees have told me that management has been late on at least three straight hourly employee pay periods(mechanics and office staff) and that salaried employees have been late getting their pay two straight pay periods. Doesn't speak well for a new "well financed" management team.

In DOT filings, the company name was changed to Allstar as it seems (company employees opinion) the "Pace" name had a lot of derogatory implications. To this outsider, it doesn't sound like Allstar is off to a very good start if they can't meet payroll.

Hmmmmm

G'Luck Allstar employees
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Old 08-02-2009, 07:14 PM   #59 (permalink)
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In DOT filings, the company name was changed to Allstar as it seems (company employees opinion) the "Pace" name had a lot of derogatory implications. To this outsider, it doesn't sound like Allstar is off to a very good start if they can't meet payroll.
Negative? How so? How bad could being the same name as a great Picante Sauce be?

Just kidding...Allstar sounds good if they're going after sports charters.
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Old 08-02-2009, 10:25 PM   #60 (permalink)
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He could change it to "Burning Hole in the Ground Airways" for all I care, as long as I get a paycheck
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pace airlines | BoardReader This thread Refback 09-06-2009 05:13 PM
Pace payroll | BoardReader This thread Refback 08-24-2009 04:45 PM
Upstart on Airline Pilot Central Forums | BoardReader This thread Refback 07-25-2009 07:57 AM

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