Originally Posted by Three Green

Wait a minute, PNCL comes up with money to buy Mesaba and can't give their pilots on whose backs they made said money a fair contract. You guys need to walk, end of story.

Originally Posted by CloudPilot57

Delta fronted the money, and will be paid back over 5 years I believe

Originally Posted by The Juice

Correct, and it is financed at 12.5%, not a cheap rate but PNCL Corp feels it is fair for an "unsecured" loan. I would hardly call it "unsecured" since Daddy Delta calls the shots for PNCL Corp so I would not think PNCL would tell Delta to screw off when it comes to making payments.

So what is that? About 19 mil in interest that Corp will pay? Yeah, they sure sound broke to me