Originally Posted by
NoHandHold
Who am I talking about? Pinnacle!
I make this thread for educational purposes...these pilots should have seen this coming a MILE AWAY. Let's recognize the symptoms so this doesn't happen again.
Ok....from the beginning now....
1. Pinnacle chooses to self finance 900's and underbid flying to gain regional market share. #FAIL
2. Pinnacle buys Colgan and Mesaba with money loaned from Delta with an interest rate of 12-13 cents on the dollar. #FAIL
3. Pinnacle files Chapter 11 and then accepts DIP financing from Delta with another ridiculous interest rate because Pinnacle barely has cash on hand to run its day to day operations #FAIL
4. Once again it falls on PILOTS to fall on the sword for management's failures. They overwhelmingly (85%) vote in a TA that cuts pay, cuts QOL, furloughs more than half of the group, and takes responsibility for Pinnacles bad business....while their CEO took a HUGE pay raise last year. #FAIL FAIL FAIL FAIL
And don't forget that this is what you get when your UNION is just a dues collecting agency and does nothing to support better work conditions and better wages.
PATHETIC... How many other jobs did this deal affect in other places around the company....
Cowards.