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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Regional (https://www.airlinepilotforums.com/regional/)
-   -   PinnaColaba Bankruptcy soon (https://www.airlinepilotforums.com/regional/63929-pinnacolaba-bankruptcy-soon.html)

Av8tion 12-07-2011 06:48 AM
This isn't going to happen... more flame bait.. mods please delete...

yodafly 12-07-2011 07:26 AM
Its really going to come down to leaning out company positions and management. I can't believe how many positions this company has. Restructure the company Squoia redwood tree into a small apple tree.

B00sted 12-07-2011 07:28 AM
Originally Posted by Airsupport (Post 1097933)
maybe, maybe not. who are we declaring bankruptcy from? we don't own 90% of our planes. we are pretty much a pilot staffing company. there is nothing to get from us if we declare bankruptcy. we own a few planes, some tugs, and few computers and chairs at the headquarters. that's it. menke has been here just a few months. not nearly long enough for a golden parachute. same with his buddies who packed up there families and moved to Memphis. even if we did declare bankruptcy i don't see things changing for the average Joe here. its not like we have an industry leading contract for them to gut or billion dollar pensions. so i wouldn't worry about this. i don't think we will declare bankruptcy. enjoy your holidays and don't sweat what you cant do anything about.
Our creditors.

Airsupport 12-07-2011 07:38 AM
Originally Posted by B00sted (Post 1097996)
Our creditors.
yes but what are they going to get from us? or creditors should bend over backwards to help us not declare bankruptcy. if we declare and go under there is 0% chance they will get any of their money back. there is nothing to liquidate here. we have nothing that is worth them demanding money from. i could see them adjusting the debts and doing all they could to keep us flying because if they don't they won't see a dime in a bankruptcy filing.

coaster 12-07-2011 08:01 AM
Originally Posted by ShyGuy (Post 1097822)
Time to short the stock!

Expect some news before the month (year) ends!
Is this your infinite wisdom again, or do you actually have a credible source for this? And by credible source, I do not mean that you overheard a check airmen or or somebody in the training department talking about it.

ChipChelios 12-07-2011 08:06 AM
People...stop spending your paychecks on those gypsy fortune tellers.

johnso29 12-07-2011 08:32 AM
Originally Posted by newarkblows (Post 1097926)
Doubtful. They have cash in the bank. It is out of the pilots hands so why worry about it.
AMR had $4.1 billion in cash when they filed BK.

DirectTo 12-07-2011 08:39 AM
Originally Posted by johnso29 (Post 1098040)
AMR had $4.1 billion in cash when they filed BK.
Yup. All about assets and liabilities. I think AMR was 36 bil in liabilities and 31 bil of assets?

Assets + cash on hand < liabilities = bankruptcy

B00sted 12-07-2011 08:55 AM
See announcement...tomorrow. Involves management.

Andrew_VT 12-07-2011 08:59 AM
Originally Posted by B00sted (Post 1098054)
See announcement...tomorrow. Involves management.
Involves management? Really? Will this announcement involve an announcement as well? :D


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