PinnaColaba Bankruptcy soon
12-10-2011, 10:43 AM
#171
Gets Weekends Off
Joined APC: Jul 2008
Position: 764B
Posts: 453
Originally Posted by The Juice
Phill gets 3 mil and Shockey gets $650,000..so $3.65 million for the 2 who are the cause.
$3.65 million/3000 pilots=$1216 per pilot.
So each pilot will need to give $1,216 in concessions just to make up what those 2 received in their golden parachute.
How much are the VP's that are being let go are going to get? How much will George Casey get on his way out.
It's a joke....How can you ask for your workforce to give back when you gave so much to the clowns who caused this?
$3.65 million/3000 pilots=$1216 per pilot.
So each pilot will need to give $1,216 in concessions just to make up what those 2 received in their golden parachute.
How much are the VP's that are being let go are going to get? How much will George Casey get on his way out.
It's a joke....How can you ask for your workforce to give back when you gave so much to the clowns who caused this?
Time to occupy Memphis. Good luck guys.
12-10-2011, 10:57 AM
#172
Gets Weekends Off
Joined APC: Jul 2011
Position: Airbus button pusher
Posts: 2,447
Originally Posted by ShyGuy
mooney, Saabs, and perpetualflyer. It's always the Colgan guys on this forum who are in denial. I don't see Pinnacle guys here disagreeing with what's been said in this thread.
I'm not in denial, I just could care less. On a serious note Shy, i dont think we will end up in bankruptcy, but just like anything i could be wrong.
Also Internet forums are fun to mess with people. Nuff' said.
12-10-2011, 11:07 AM
#173
Gets Weekends Off
Joined APC: Apr 2008
Posts: 910
Originally Posted by Saabs
I'm going to the Q in the spring, I need to come up with a new name. I was thinking Q400s ??
I'm not in denial, I just could care less. On a serious note Shy, i dont think we will end up in bankruptcy, but just like anything i could be wrong.
Also Internet forums are fun to mess with people. Nuff' said.
I'm not in denial, I just could care less. On a serious note Shy, i dont think we will end up in bankruptcy, but just like anything i could be wrong.
Also Internet forums are fun to mess with people. Nuff' said.
12-10-2011, 11:24 AM
#174
Saab Saab Phooey!
Joined APC: Jul 2007
Position: Set Hundo
Posts: 479
Originally Posted by The Juice
Phill gets 3 mil and Shockey gets $650,000..so $3.65 million for the 2 who are the cause.
$3.65 million/3000 pilots=$1216 per pilot.
So each pilot will need to give $1,216 in concessions just to make up what those 2 received in their golden parachute.
How much are the VP's that are being let go are going to get? How much will George Casey get on his way out.
It's a joke....How can you ask for your workforce to give back when you gave so much to the clowns who caused this?
$3.65 million/3000 pilots=$1216 per pilot.
So each pilot will need to give $1,216 in concessions just to make up what those 2 received in their golden parachute.
How much are the VP's that are being let go are going to get? How much will George Casey get on his way out.
It's a joke....How can you ask for your workforce to give back when you gave so much to the clowns who caused this?
12-10-2011, 11:48 AM
#175
Gets Weekends Off
Joined APC: Oct 2011
Posts: 495
Originally Posted by ShyGuy
I said soon, and I haven't been wrong so far. Everything they've done so far hints at bankruptcy. Pilots WILL be taking concessions, one way or another. We will have the nicer option of staying out of bankruptcy and having our MEC decide what concessions or cuts to give from our JCBA, OR, Pinnacle will declare bankrupcty and have the BK judge force it upon us. You decide! But I still stand by my statement, that PinnaColaba will soon declare bankruptcy. It's just the beginning right now. I'll talk to you soon when it happens.
What exactly am I in denial about? Are we, as ONE company, facing some headwinds? Yes, absolutely. What I'm trying to say though is that you were wrong in your original post and that you keep moving the timeline.
And sorry brah but I'm afraid your in the minority thinking that we as a group are going to give any concessions. I would like to direct you to the Pinnacle Concessions thread on here to see a lot of other guys points of view.
12-10-2011, 02:55 PM
#176
Day puke
Joined APC: Feb 2006
Position: Out.
Posts: 3,865
Originally Posted by ShyGuy
mooney, Saabs, and perpetualflyer. It's always the Colgan guys on this forum who are in denial. I don't see Pinnacle guys here disagreeing with what's been said in this thread.
Yes, Shy, you were right about the stock crash.
Yes, Shy, you are right about the BK coming "soon".
Yes, Shy, your words are gospel.
Yes, Shy, you are the smartest person here!
(Happy now?)
12-10-2011, 04:16 PM
#178
Gets Weekends Off
Joined APC: Dec 2010
Posts: 687
Originally Posted by BoilerUP
Nothing, repeat, NOTHING is going to happen to anybody's pay barring voluntary concessions ratified by the pilot group OR the actions of a Chapter 11 bankruptcy judge.
Fret not...
Fret not...
12-10-2011, 04:41 PM
#179
Gets Weekends Off
Joined APC: Oct 2011
Position: Taco Rocket Operator
Posts: 2,485
What is going on here is Menke needs to get rid of the infrastructure of three companies and create one coherent operation out of this mess. He hired the consultants to get the required changes he needs to get this done.
These consultants will go to our "partners" to get contracts that will allow us to operate all of our aircraft one one certificate. They will come to the pilots to get a slowdown in the 11-09 award until he can get all the aircraft on a single certificate. If he can't do this, look for concessions that will limit the ability to transfer between certificates.
These consultants will also use the threat of bankruptcy to get major concessions from the lessors at One Commerce Square as well. 1CS is costing the company 3x what they projected just so Uncle Phil could have a nice office with a 14th floor view.
Anbody who can read a balance sheet can see this company is nowhere near bankruptcy yet. It is a real possiblity later next year if the company doesn't make some changes and fast. Anybody who has been listening to Menke since he walked in the door can't be surprised by any of this.
I'll make these predictions for a year from now:
1. We will either be on one certificate or well on our way to one certificate.
2. There will be massive layoffs at One Commerce Square and on the support side. I'd say one third to one half of the employees at 1CS will be on the street by this time next year.
3. All that will be left at 1CS will be the Executive Offices, if that.
4. Shy Fly Guy will still be crying that the sky is falling.
There will be no bankruptcy as long as Menke gets the concessions he needs to stay out of BK. If he doesn't get them, then he will take the company into bankruptcy to get them late next year.
These consultants will go to our "partners" to get contracts that will allow us to operate all of our aircraft one one certificate. They will come to the pilots to get a slowdown in the 11-09 award until he can get all the aircraft on a single certificate. If he can't do this, look for concessions that will limit the ability to transfer between certificates.
These consultants will also use the threat of bankruptcy to get major concessions from the lessors at One Commerce Square as well. 1CS is costing the company 3x what they projected just so Uncle Phil could have a nice office with a 14th floor view.
Anbody who can read a balance sheet can see this company is nowhere near bankruptcy yet. It is a real possiblity later next year if the company doesn't make some changes and fast. Anybody who has been listening to Menke since he walked in the door can't be surprised by any of this.
I'll make these predictions for a year from now:
1. We will either be on one certificate or well on our way to one certificate.
2. There will be massive layoffs at One Commerce Square and on the support side. I'd say one third to one half of the employees at 1CS will be on the street by this time next year.
3. All that will be left at 1CS will be the Executive Offices, if that.
4. Shy Fly Guy will still be crying that the sky is falling.
There will be no bankruptcy as long as Menke gets the concessions he needs to stay out of BK. If he doesn't get them, then he will take the company into bankruptcy to get them late next year.
Last edited by FlyingKat; 12-10-2011 at 04:53 PM.
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