Straight from that article:

"Pinnacle is also flush with $280 million in cash from the sale of a claim from Northwest' bankruptcy. Hunt said Pinnacle has yet to decide how to use the cash, but the carrier's first priority is looking for growth opportunities to earn a return for Pinnacle's investors."





Bingo. PNCL Holdings doesn't give a rats as$ about employees, whether it be Pinnacle Airline employees or Colgan employees. They only want to keep the investors happy.

"yet to decide how to use the cash?"


How about awarding the ALPA pilot proposal the PNCL MEC has put forward?


dingo, think about it.

Pinnacle Holdings just sold a note to get $283 MILLION dollars.

And now they are going to buy Q400s with that money. That's AFTER spending $20 million to buy out Colgan.

ALL THAT HAPPENED, and Pinnacle Holdings has told the PNCL MEC that management CANNOT AFFORD to give the ALPA proposal contract, because that would cost the company $50 million extra over the 4-year life of the contract.


You really think Pinnacle Holdings "can't afford" $50 million?


That's chump change!

Just bought Colgan for $20 million in A HEARTBEAT, while STALLING pilot contract negotiations.


Now, they sold a $283 million dollar note, and will BUY Q400s for Colgan, while continuing to STALL pilot contract negotiations.


If you know ANYTHING about Nonconnah Blvd, it should be that ALL of these actions are PERFECTLY INDICATIVE of the whipsawing about to occur.