Originally Posted by
BladeRunner
It is also my understanding that Richard Anderson gave Pinnacle holdings the cash to purchase XJ. Of course at a good percentage rate. XJ had no say in that one either.
How did you know? Richard opened his wallet and gave Pinnacle money. LMFAO Your understanding is wrong. Apples and Oranges. So far, only the 2 aircraft from August were transferred to Mesaba from Pinnacle - they have already been returned.
Delta issues Pinnacle a LOAN for the money they needed to purchase Mesaba. They are making money on the cash advance. If Delta didnt give it to Pinnacle, bonds or stock would have been used to come up with it.