Pinnacle Contract Terminated by Delta in ATL
06-10-2008 | 07:18 AM
#31
Gets Weekends Off
Joined: Oct 2006
Posts: 591
Likes: 0
From: Home with my family playing with my daughter as much as possible
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
Gets Weekends Off
Joined: Apr 2007
Posts: 239
Likes: 0
From: Stretched Barbie Jet
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: May 2007
Posts: 698
Likes: 0
If that would be the case, congrats for mainline pilots. Any time a major will take away regional flying and give it back to you guys the better. -900 is a joke that is replacing you DC-9 flying anyways.
06-10-2008 | 07:20 AM
#34
Gets Weekends Off
Joined: Jan 2007
Posts: 2,356
Likes: 0
From: CRJ
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
Gets Weekends Off
Joined: Jan 2008
Posts: 2,244
Likes: 0
From: CL-65 captain
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
Gets Weekends Off
Joined: Jan 2008
Posts: 2,244
Likes: 0
From: CL-65 captain
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: May 2007
Posts: 698
Likes: 0
we have 2,800 pilots right now, so that would make my point valid. I was stating we could very much be a 2,000 pilot airline next year if things keep getting worse.
06-10-2008 | 07:28 AM
#39
Gets Weekends Off
Joined: Dec 2007
Posts: 593
Likes: 0
you think they could paint the 900's that fast to pput em in the NWA system then turn em around and paint em Delta again a few months later?
06-10-2008 | 07:28 AM
#40
Gets Weekends Off
Joined: Mar 2008
Posts: 120
Likes: 0
From: CL-65 FO
I've never heard getting an injunction as being spanked. It just means you can't cancel the contract until the matter is decided in court. It will be a while before that happens so don't be so quick to toss Delta over your knee and get the spanking hand ready!
Last edited by IFly17; 06-10-2008 at 07:29 AM. Reason: Bad syntax.
Thread
Thread Starter
Forum
Replies
Last Post
wannabepilot
Flight Schools and Training
34
07-07-2008 12:15 PM
