Delta bought PNCL (A once 1 billion dollar holding company) for 74.3 million. My guess Delta will sell PNCL for a nice profit once it builds it up. Not a bad ROI if you look at it. Keep the company private until its ready for sale.

You don't even have to worry about the company's ability to gain business since you (Delta) own all the cards to make the company (PNCL) look good on paper. A little name change and bedazzle and you got yourself a good looking company in the public sector.

So Gojets, even if PNCL is more expensive, may lose their 700's at the potential of a future sale of the company for millions if not billions! Not the same case for Comair. Better to close than sell the company off. PNCL could end up in the same situation as Comair, but not likely since it seems obvious that Delta wants to make a profit off PNCL.

OR...

Delta wishes to save money on operational expenses with PNCL, but that is chump change in comparison to what they can make on their ROI from the purchase of PNCL.

So yes...GOJETS your 700's are in danger. Just some thoughts...

 

I think Pinnacle is about to become an experiment in shared alter ego operations. If it fails, we will get shut down; Successful, we get a lot more flying.

 

You lost me there somewhere between where Delta wants to make a profit on Pinnacle, but didn't with Comair...?

 

Maybe because some of us know it alls have been working in this industry for a while and have the scars to prove it.

 

A. None of your business.
B. Why do you care?
C. I worked at Pinnacle and Comair for a while......what's your point?

 

Deeeeelllllleeeetttteeee

 

Bingo.....

 

I too have been in this industry for a while, and I have a few scars of my own. I'm not sure why you're assuming here. My point is there are differences that you seem unwilling to acknollage.

 

Express I, Mesaba, ASA, Comair......Now Pinnacle. In every case this management team at Delta/Northwest eventually removed the regional airline from its books. Why is Pinnacle any different?

In every case but one (Express I) the employees were worse off after the company was sold or shut down.

 

And it seems some of you are ignoring the similarities...BUT it seems

1. People on the outside think 9E will go the way of Comair.

2. People on the inside think 9E will flourish.

Which one is it? No one knows, and agruing about who is more well versed in the outcome of 9E is getting old. Personally, all I care about at this point is that my carrier doesn't get hurt from this deal and hopefully Daddy D hires off the street so EVERYONE can have a shot at getting a job. I am curious about some of the thought processes recently though but that is not important.
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