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Old 11-18-2011, 09:54 AM
  #41  
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Originally Posted by jdalbrec View Post
This is probably completely unsubstantiated but I heard by way of the all-knowing, never-incorrect rumor mill that any class date after Dec. is tentative due to talks of BK. Anyone else hear this?
I heard the same last night ( keep in mind people we are in the same base so I am sure it came from the same group). I dont believe it, I feel they misinterpreted 11-09 rev 3s moving dates and Jan 1st...
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Old 11-18-2011, 10:05 AM
  #42  
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Since when do you need cash to buy an airline? This is a modern business environment. Cash not required; only leveraged debt.
Are you one of those "professional pilot" aviation, *ahem, degree guys? I sure hope not. Too many of those cockpit monkeys out there.
I don't know, are you one of those jerks who hides behind his computer and tries to look tough? Seriously man, don't be such a prick. It's a community forum. You do realize that when you say stuff like that, everyone thinks you have self esteem issues or you beat puppies.

The POINT is, since it needs to be explained to you, is that Pinnacle is in no financial shape to make any further acquisitions. Cash, no cash, credit or otherwise, they aren't in any position to make moves. They are deep into a M&A mess and have no plans to make it any worse. Hence IT WILL NOT HAPPEN. Besides, what would they gain from this that they didn't gain from the purchase of Colgan?
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Old 11-18-2011, 10:08 AM
  #43  
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Originally Posted by Fly782 View Post
I heard the same last night ( keep in mind people we are in the same base so I am sure it came from the same group). I dont believe it, I feel they misinterpreted 11-09 rev 3s moving dates and Jan 1st...
I didn't put much stock into it, but it was too disconcerting to go unasked. Plus, isn't there something in the contact that prevents them from cancelling only some of the realignment?
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Old 11-18-2011, 10:10 AM
  #44  
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Originally Posted by Poprocket View Post
I don't know, are you one of those jerks who hides behind his computer and tries to look tough? Seriously man, don't be such a prick. It's a community forum. You do realize that when you say stuff like that, everyone thinks you have self esteem issues or you beat puppies.

The POINT is, since it needs to be explained to you, is that Pinnacle is in no financial shape to make any further acquisitions. Cash, no cash, credit or otherwise, they aren't in any position to make moves. They are deep into a M&A mess and have no plans to make it any worse. Hence IT WILL NOT HAPPEN. Besides, what would they gain from this that they didn't gain from the purchase of Colgan?
To whom are you responding?
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Old 11-18-2011, 10:11 AM
  #45  
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Originally Posted by jdalbrec View Post
I didn't put much stock into it, but it was too disconcerting to go unasked. Plus, isn't there something in the contact that prevents them from cancelling only some of the realignment?
They cannot cancel a realignment, only partial cancel a vacancy which this is clearly not the case. Now throw a BK in there and who knows... I do know I flew with a certain scheduling committee member and was told we were still very understaffed and a furlough wont happen ( other part of rumor i heard)
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Old 11-18-2011, 10:15 AM
  #46  
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Originally Posted by Fly782 View Post
They cannot cancel a realignment, only partial cancel a vacancy which this is clearly not the case. Now throw a BK in there and who knows... I do know I flew with a certain scheduling committee member and was told we were still very understaffed and a furlough wont happen ( other part of rumor i heard)
Actually......

"c. The Company may only cancel a Realignment or Reduction Award if it
cancels the Award and any subsequent Awards in their entirety, before
any Effective Date associated with the Award(s), and all Pilots are
returned to their previously-awarded positions. A Pilot returned to his
previously awarded position will be handled in accordance with paragraph
A.14.i., below."

Which would be the Jan 1st date. Not saying I believe anything will happen but I wonder if that gives them the provision to do so. Food for thought.
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Old 11-18-2011, 10:16 AM
  #47  
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Originally Posted by Poprocket View Post
I don't know, are you one of those jerks who hides behind his computer and tries to look tough? Seriously man, don't be such a prick. It's a community forum. You do realize that when you say stuff like that, everyone thinks you have self esteem issues or you beat puppies.

The POINT is, since it needs to be explained to you, is that Pinnacle is in no financial shape to make any further acquisitions. Cash, no cash, credit or otherwise, they aren't in any position to make moves. They are deep into a M&A mess and have no plans to make it any worse. Hence IT WILL NOT HAPPEN. Besides, what would they gain from this that they didn't gain from the purchase of Colgan?
To whom are you responding?
Clarified through edit. SLIbandit.
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Old 11-18-2011, 10:17 AM
  #48  
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Originally Posted by Poprocket View Post
Clarified through edit. SLIbandit.
Ah, that makes more sense now.
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Old 11-18-2011, 10:21 AM
  #49  
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Originally Posted by jdalbrec View Post
Actually......

"c. The Company may only cancel a Realignment or Reduction Award if it
cancels the Award and any subsequent Awards in their entirety, before
any Effective Date associated with the Award(s), and all Pilots are
returned to their previously-awarded positions. A Pilot returned to his
previously awarded position will be handled in accordance with paragraph
A.14.i., below."

Which would be the Jan 1st date. Not saying I believe anything will happen but I wonder if that gives them the provision to do so. Food for thought.
Ahhh true... But there are already classes in progress from 11-09
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Old 11-18-2011, 10:21 AM
  #50  
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Actually, it probably couldn't be cancelled now. Classes have already started; I guess that would constitute an "effective date".

...you just beat me to it, lol
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