Originally Posted by
drrhythm2
Why would they take planes from Pinnacle, who is going to emerge as a really cheap operator post-bankruptcy (after all, Delta kept them from going out of business for a reason) and give them to xjet, who will probably be more expensive?
That being said, I hope that's exactly what happens. I hope it works out great for the new Expressjet on both sides and everyone's happy. I'm just not sure at this point.
Skywest is the best financed regional out there right now. The most attractive lease rates, the largest fleet of crj700's 900's in the world also give them the economies of scale for cheap operating costs, and the security of dealing with a company that won't be going out of business. Delta is only the DIP financing for Pinnacle. If you read about DIP financing they are usually the vultures of the industry. If the company liquidates they are the first to get paid before any other creditor. They do not care about Pinnacle but could not allow them to disappear overnight.