Pinnacle Contract Terminated by Delta in ATL
#11
Gets Weekends Off
Joined APC: May 2007
Posts: 170
Mesa and Pinnacle WERE meeting the terms of their contracts... You can't blame Mesa or Pinnacle for cancellations when you pro-actively cancel their flights in order to get mainline out. In the case with Pinnacle, they were also making them fly to St. Croix which required deadheading a double crew to fly the plane back, as well as the fact that Pinnacle planes aren't overwater certified - the indirect routings often caused fuel diversions.
#12
Banned
Joined APC: May 2007
Posts: 698
Guys why I feel sorry for the pilots at Pinnacle, a good buddy of mine is in training right now and hopefully this won't mean he just quit his job for nothing, but you all just got done bashing me the other day at questioning why you were praising your on-time %. Stop acting like no-one is immune with a 10-year contract, we are ALL GOING TO FEEL THE PAIN this year.
And good luck though, hopefully no one gets the F letter because of this crap. I'm just afraid my buddy will have his class canceled and they'll send him home before he gets on the line.
Delta had gotten on our case in LAX a couple months back and we have since improved our on-time performance there, but I wouldn't be too surprised if something like this comes our way.
And good luck though, hopefully no one gets the F letter because of this crap. I'm just afraid my buddy will have his class canceled and they'll send him home before he gets on the line.
Delta had gotten on our case in LAX a couple months back and we have since improved our on-time performance there, but I wouldn't be too surprised if something like this comes our way.
#13
if we did lose the contract i wouldn't doubt that either. we own the planes. we have 9 right now and 8 more on the way by the end of the year. we will find a way to put them on the nwa side still in delta colors, then when the merger goes through we will still be flying 900's for delta. i think the entire thing is a sham.
smoke and mirrors, smoke and mirrors.
smoke and mirrors, smoke and mirrors.
#14
Gets Weekends Off
Joined APC: Jan 2007
Position: CRJ
Posts: 2,356
Aircraft Financing and Capital Expenditures
The total purchase commitment for the 15 Q400 and 16 CRJ-900 aircraft that the Company has on order is approximately $660 million. The Company expects that it will purchase all 31 aircraft using a combination of internal capital resources and debt financing. The Company has obtained financing commitments from a third party and from the aircraft manufacturer. Based upon these commitments, the Company currently anticipates it can finance approximately 85% of the net purchase price of each aircraft at interest rates between 7.0% and 8.5% and for terms ranging from 12 to 15 years. The Company is also pursuing other third party financing options, including operating leases, and may use such additional financing options to the extent that they provide better economics
The total purchase commitment for the 15 Q400 and 16 CRJ-900 aircraft that the Company has on order is approximately $660 million. The Company expects that it will purchase all 31 aircraft using a combination of internal capital resources and debt financing. The Company has obtained financing commitments from a third party and from the aircraft manufacturer. Based upon these commitments, the Company currently anticipates it can finance approximately 85% of the net purchase price of each aircraft at interest rates between 7.0% and 8.5% and for terms ranging from 12 to 15 years. The Company is also pursuing other third party financing options, including operating leases, and may use such additional financing options to the extent that they provide better economics
#18
It seems that Delta just straight up is trying to reduce the amount of their regional partners. I don't think it's a matter of them playing "scare tactics" or using "smoke and mirrors". Delta just plain doesn't want "elevendy-billion" regionals flying for it anymore.
I hate to say it, cause i like pinnacle, but I think (just like freedom) that Delta will probably just buy the rest of the contract out (or pay an early termination if there are terms for it). Even though they don't own the 90's, they still have some on order, and as part of some of the domestic roll backs could downsize these routes to 70 seaters for the time being, which ASA and Comair have a ton of already in/out of ATL frequently.
Good luck guys and gals.
I hate to say it, cause i like pinnacle, but I think (just like freedom) that Delta will probably just buy the rest of the contract out (or pay an early termination if there are terms for it). Even though they don't own the 90's, they still have some on order, and as part of some of the domestic roll backs could downsize these routes to 70 seaters for the time being, which ASA and Comair have a ton of already in/out of ATL frequently.
Good luck guys and gals.
#19
Gets Weekends Off
Joined APC: Jan 2007
Position: CRJ
Posts: 2,356
no delta doesn't own the 900's. delta went to bombardier and said "hold x amount of 900's for us" so thats what they did. then when we signed the agreement delta said ok, some of those planes you were holding for us can be sold to pinnacle. so then we went and bought the ones delta was holding for us. they never owned them, just wanted to have some ready for delivery to their regionals.
#20
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