Pinnacle Contract Terminated by Delta in ATL
06-10-2008, 07:18 AM
#31
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Joined APC: Oct 2006
Position: Home with my family playing with my daughter as much as possible
Posts: 591
Originally Posted by andy171773
I don't know, I hope that works out. But DL/NW management are already in bed together. If DL wants Pinnacle out, I highly doubt it would then let it's future merger partner to go and make their own deal (unless it's extremely favorable to the airline).
What we can all take away from this is that NO regional carrier is safe right now. Everyone, even the financial sector/investors, thought Pinnacles deal was rock solid and DL would never touch it. Delta knows what they're trying to do(at least they should...) and I cannot see them making these decisions (which could end up financially backfiring BIG TIME) unless they're extremely confident in an outcome in their favor.
What we can all take away from this is that NO regional carrier is safe right now. Everyone, even the financial sector/investors, thought Pinnacles deal was rock solid and DL would never touch it. Delta knows what they're trying to do(at least they should...) and I cannot see them making these decisions (which could end up financially backfiring BIG TIME) unless they're extremely confident in an outcome in their favor.
06-10-2008, 07:19 AM
#32
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Joined APC: Apr 2007
Position: Stretched Barbie Jet
Posts: 239
Originally Posted by Airsupport
ha. you tell me to double check.. maybe you should have double checked before saying delta holds the lean on the planes...
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
To be totally honest I just didnt care enough to research.
06-10-2008, 07:20 AM
#33
Banned
Joined APC: May 2007
Posts: 698
Originally Posted by Superpilot92
I am hearing this happened in part because the New DAL (NWA/DAL) will have dc9's flying out of atl to replace a bunch of regional jets with the upcoming capacity reductions. Good luck guys we all will need it with the upcoming changes to our industry.
06-10-2008, 07:20 AM
#34
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Joined APC: Jan 2007
Position: CRJ
Posts: 2,356
Originally Posted by Past V1
Look at this from NW/DL perspective....I would have to wonder....is DL contract with PNCL cheaper or is NW with PNCL cheaper....the smart thing for DL/NWA is to cancel the most expensive one right?!?! Ok say PNCL rolls those 900's into NW operations then they are under a cheaper and more efficent contract for both DL/NWA....so this could all mean is that NWA/DL are shuffling this around to make things more streamline....per say
lets just all enjoy the pizza party they are having tomorrow for our STELLAR performance!! LOL
06-10-2008, 07:25 AM
#35
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Joined APC: Jan 2008
Position: CL-65 captain
Posts: 2,244
Originally Posted by tpersuit
Stop acting like no-one is immune with a 10-year contract, we are ALL GOING TO FEEL THE PAIN this year.
Tper which way do you really feel? you posted this just yesterday...
"I feel pretty good with 2,000 pilot jobs guaranteed for the next 7 years here."
You waffle more than the Clintons!
06-10-2008, 07:27 AM
#37
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Joined APC: Jan 2008
Position: CL-65 captain
Posts: 2,244
Originally Posted by av8sean
Somehow I see these 900's ending up in DTW or MSP after the dust settles....
Nope Trenary is working on a press release saying they are going to Colgan
Then he is gonna tell the pilots "whoever wants to fly these for $50/hour can have them......"
06-10-2008, 07:27 AM
#38
Banned
Joined APC: May 2007
Posts: 698
Originally Posted by mooney
Tper which way do you really feel? you posted this just yesterday...
"I feel pretty good with 2,000 pilot jobs guaranteed for the next 7 years here."
You waffle more than the Clintons!
"I feel pretty good with 2,000 pilot jobs guaranteed for the next 7 years here."
You waffle more than the Clintons!
06-10-2008, 07:28 AM
#39
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Joined APC: Dec 2007
Posts: 593
Originally Posted by Airsupport
ha... interesting thought... sounds like more smoke and mirrors to me!
lets just all enjoy the pizza party they are having tomorrow for our STELLAR performance!! LOL
lets just all enjoy the pizza party they are having tomorrow for our STELLAR performance!! LOL
06-10-2008, 07:28 AM
#40
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Joined APC: Mar 2008
Position: CL-65 FO
Posts: 120
Originally Posted by av8sean
Delta tried to pull this on Freedom Air and got spanked, now they want to do the same thing on Pinnacle? What the F?
Last edited by IFly17; 06-10-2008 at 07:29 AM. Reason: Bad syntax.
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