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-   -   PinnaColaba Bankruptcy soon (https://www.airlinepilotforums.com/regional/63929-pinnacolaba-bankruptcy-soon.html)

BoilerUP 12-09-2011 03:36 AM

PNCL might be financially struggling, but their press releases are little more than negotiating in public.

They're holding a bankruptcy gun to the head of their creditors and vendors, saying "Renegotiate terms NOW, or we're gonna pull the BK trigger".

If you were a vendor, would you renegotiate terms more favorable to PNCL now that they've come out and rather loudly said they are struggling and need to reorganize or roll the dice and take your chances in front of a bankruptcy judge?

Yet again, another failure by airline management...who undoubtedly will be recycled in years to come at another airline.

Mesabah 12-09-2011 03:36 AM


Originally Posted by PinnacleFO (Post 1098870)
So with regards to renegotiating our asa's and aircraft lease agreements. How many Saabs and 200's do you guys think we will have after this?

There needs to be a premium associated with east coast flying. It's no coincidence that once we went to NY we started sucking.

Deice Press 12-09-2011 06:22 AM

Ummm listening to the employee call ummm noticing ummm certain words ummm used ummm alot ummm.

flyguyniner11 12-09-2011 06:32 AM

I counted 4 while reading that post!

Silver02ex 12-09-2011 06:33 AM


Originally Posted by Deice Press (Post 1099003)
Ummm listening to the employee call ummm noticing ummm certain words ummm used ummm alot ummm.

I didnt't hear it...... Which is?

B200 Hawk 12-09-2011 06:34 AM

http://images.icanhascheezburger.com...9048495880.jpg

tennisguru 12-09-2011 06:55 AM


Originally Posted by Silver02ex (Post 1099010)
I didnt't hear it...... Which is?

Ummmm.....maybe.....ummmmmm?

Al Czervik 12-09-2011 07:07 AM

Wants concessions from the pilots.

Fly782 12-09-2011 07:09 AM

Anyone want to give a brief write up for it? How long do you think until it is online.

wstcstmag 12-09-2011 07:26 AM

It was especially interesting when SM was questioned regarding equivalent concessions on the consulting agreements with the previous CEO and CFO- "its really that simple, they have contracts"


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