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Old 06-02-2008 | 11:23 AM
  #32  
newarkblows
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Joined: Feb 2007
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From: e190
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"To the extent that we cannot significantly reduce Colgan's losses, we will make plans to reduce or eliminate the pro-rate operations at Colgan. These actions could result in significant one-time costs associated with exiting the fleet. Such steps would involve removing leased aircraft from service and returning them to third party lessors in advance of lease expirations, removing and remarketing owned Saab aircraft, selling or disposing of Colgan's inventory of Saab parts, and potentially furloughing employees. These actions could result in future write-downs of the carrying value of our tangible assets. In addition, we will continue to evaluate Colgan's intangible assets for impairment. As of March 31, 2008, Colgan's intangible assets had a balance of approximately $16 million." Pinnacle's 10-Q May 08

sorry if i ruffled your feathers but i was just responding to a "your going to be out of a job" with factual info.
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