Originally Posted by
Pilotguy143
Evil, I wish I could be as positive as you!
I too, get the impression that no one saw this coming. However, I don't see this as a good thing for Comair. From the press release I gather that we were unsellable because of our high cost structure (Delta even financed the Mesaba and Compass deal).
My question, is why can't the get they get rid of us all together?
--sorry for being such a pessimist, and with that said, I really really hope I am dead wrong.
I have to be optimistic. Nothing else left.
The sale of those 2 companies were a huge surprise to the public, and one of them made sense. Did you guys know RA is/was a huge stock owner in Pinnacle Holdings?. According to filings, he no longer is one. However his wife is. So Selling Mesaba to Pinnacle is a fantastic move. Besides the normal money grubing schemes, getting rid of regionals is something RA has said he'll do. As far as our future is concerned, the new contract negotiations will be a huge indicator of what we may end up as. I believe they'll start by asking for a pay cut from everybody, stalemate will ensue since neither side will budge on that item. At that point is where I think DL will make buyout offer to senior folks. Mind you, it will be a really cheap one. As somebody mentioned, they will not reward those guys. At this point, some of them are going to finally realize they will not get anything decent ever from DL, and might consider the offer. After that, the end result of the negotiations will determine whether they'll keep us around or sell us. This is just me speculating.
Happy Fourth everyone.