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Originally Posted by 80ktsClamp
(Post 1098643)
Pinnacle shouldn't have signed an air service agreement that didn't cover their cost of operation, right? And somehow you twist this around on DL?
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Originally Posted by 80ktsClamp
(Post 1098643)
Pinnacle shouldn't have signed an air service agreement that didn't cover their cost of operation, right? And somehow you twist this around on DL?
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Originally Posted by Silver02ex
(Post 1098674)
I'm not blaming it on Delta but, Delta is suppose to pay a certain percentage of the trainning cost. This was worked out when Pinnacle bought Mesaba. When you add the new Pilot, FA contract and the trainning cost, there's going to be a loss. The cut that Pinnacle is suppose to get from Delta hasn't been recieved yet. I'm 99% sure about all of this.
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So what are people actually predicting here? Furloughs? Fleet reductions? Or is this turly just reorganizing management, etc.
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Originally Posted by 9eflyer
(Post 1098679)
You are correct. The contract was signed in Feb 2011. One year after the signing, Feb 2012, Delta will look back and pay us the increased costs for the integration and new contract. Delta will also then adjust our rates in the ASA to reflect the costs of the new pilot contract. All right our of the quarterly reports.
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Originally Posted by 80ktsClamp
(Post 1098683)
Now that the facts have come to light, once again- how is this Delta's fault? 9E will get the adjustment... it's not like they are just not paying 9E out of spite. All of this was negotiated and agreed upon.
Calm down, no one said it was Delta's fault. The guy who said "Delta is not paying us enough" is right, Pinnacle haven't got got their cut from Delta yet. He has a point, right now we are not getting what we are suppose to get from Delta. I went back and still can't find where some one has said this is all Delta's fault like you seem to think. |
Originally Posted by Fly782
(Post 1098682)
So what are people actually predicting here? Furloughs? Fleet reductions? Or is this turly just reorganizing management, etc.
The group they hired: Seabury is the leading global advisor to the aviation industry, having successfully managed seven of the 10 largest airline restructurings or corporate recoveries in the world, and raised over $30 billion of capital financing, including advising on over $3.5 billion of equity financings. Seabury’s investment banking and corporate advisory team has corporate restructuring and insolvency experience representing companies on distressed M&A transactions, refinancing, recapitalizations, and debt renegotiations. Seabury offers financial services through SeaCap Partners a strategic advisory and merchant bank focused exclusively on the global investment management industry. |
So what you're saying is: Pinnacle hired "The Bobs"
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Originally Posted by Silver02ex
(Post 1098692)
So what you're saying is: Pinnacle hired "The Bobs"
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Originally Posted by Silver02ex
(Post 1098692)
So what you're saying is: Pinnacle hired "The Bobs"
http://movieclips.com/CDJTP-office-s...g-to-the-bobs/ |
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