Originally Posted by
FlyASA
Look how quickly we got a new contract when the safety campaign happened. Why don't you learn from our hardships and do what needs to be done. Why wait and wait for a better contract from management. It won't happen, ever. They will fly you on this same contract till the end of time if you let them.
no. look how quickly you got a new contract when OWNERSHIP changed hands. your safety campaign did nothing. it was the fact that uncle jerry went down there and said to settle this thing now.
Originally Posted by
HIREME
This is the PERFECT time to write the check....they have money now and can give what will seem a decent contract, especially in these economic times...then, when the payment comes due in 2010, they can scream "it's the evil, greedy pilot's fault...." and come to us for concessions or B-ruptcy. When times are bad, you buy on the cheap...this is a good opportunity for mgmt. Think about this, if we get released the company is hosed. No way we settle for industry average if they take it all the way to the brink of a strike. MGMT will have lost if it comes to release. They pay now, then they've gained 4 years on an old contract and could possibly win concessions in less than a year! win for mgmt.
no way in a million years does pinnacle want to file for bankruptcy.
1. uncle phil and his boys own a lot of stock, and they bought LOTS of it at 10 bucks a share.
2. the company bought back millions of stock at 14 bucks a share.
3. we have no real assets.
NONE and i repeat NONE of the people we owe money to want pinnacle to go into bankruptcy and they would not even ask for it. We have no assets for them to get there money out of us in bankruptcy court. there best bet is to just let the payments slide, like it said in the press release. this big debt that is due in 2010 is just a scam to scare people who dont understand what is going on. So lets say the day comes around and we dont have the money. what are the people that we owe money to going to do? force us into bk and liquidate? they would get 0 for that since we dont own anything. nope they will just let us make good size payment and renegotiate the rest of it. dont be fooled by the scare tactics.