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Old 02-02-2007 | 08:47 PM
  #7  
ShyGuy
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Originally Posted by dingo222
how is that whipsaw????? colgan wasn't broke when they were bought. they were making money hand over fist in a market that nobody else could tap. it's like equity in a house, borrow against it to make more. They aren't dangling new flying between the 2 pilot groups making them cut each others thoats to get it. New t-props fit into the colgan business model and would make more money. Instant return on investment. PCL pilots were not actively bidding on t-prop flying and saying that the planes will be bought with just pcl pilots money is bs. It's being bought with pcl pilots money and colgan pilots equity. For me, I'd much rather see the pcl pilots get the contract resolution that they deserve before any aircraft order is placed. I'm no noob, and I know what's right and what's deserved. Is it up to colgan or pcl pilots? F no. But, colgan can turn almost an instant profit with the new props, an routes they have been biddin on for years. More profit in my eyes would give more money to pcl for bigger jets in the future. Colgan would be the cash cow. But we all know that's not how mgmt thinks. THis isn't whipsaw by any means yet.

It will be whipsaw. If you don't think so, then you clearly don't know Nonconnah Blvd like I do.


Pinnacle Holdings Corp is going to buy these Q400s for Colgan Air... with money from the new NWA ASA and the note PNCL just sold for $283 million, all the while telling Pinnacle Airline pilots, "Hey! We can't afford to pay you under your offer of a contract!" And that of course comes after Pinnacle Holdings paid out $20 million to buy Colgan.
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