Originally Posted by
Mesabah
Who's the bigger fool if Delta is investing a hundred million plus in Pinnacle, a failing company.....
Originally Posted by
Bill Lumberg
They had to, PNCL would have liquidated because of lack of assets and zero other DIP financing opportunities. And, Delta couldn't get another operator to feed mainline quickly enough. So, you get to be saved, and shrunk probably.
Hate it for you, but Bill is right. This was about being able to pull the feed down in an orderly fashion, not losing it overnight. If I were you, I'd be praying that Pinnacle isn't "Comair'd."