PinnaColaba Bankruptcy soon
12-07-2011 | 07:28 AM
#13
Banned
Joined: Apr 2008
Posts: 444
Likes: 0
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.
12-07-2011 | 07:38 AM
#14
Gets Weekends Off
Joined: Jan 2007
Posts: 2,356
Likes: 0
From: CRJ
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.
12-07-2011 | 08:01 AM
#15
Line Holder
Joined: Sep 2009
Posts: 26
Likes: 0
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.
12-07-2011 | 08:39 AM
#18
Line Holder
Joined: May 2011
Posts: 1,013
Likes: 26
From: 737 CA
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