Pinnacle asking 7% from pilots

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01-26-2012 | 06:23 AM

#411

tennisguru

Roll’n Thunder

Joined: Oct 2009

Posts: 5,112

Likes: 522

From: Pilot

Quote:

Originally Posted by Avroman

They could disappear very quickly, it would take a while for someone else to begin operating them though.

Pinnacle owns the 16 9E -900's, so Delta would have to acquire more airframes before the flying could be replaced. Granted they might be able to get them cheap from Pinnacle in BK, but that's not a given.

01-26-2012 | 09:13 AM

#412

ConnectionPilot

Line Holder

Joined: May 2006

Posts: 533

Likes: 0

From: CA

Quote:

Originally Posted by tennisguru

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

01-26-2012 | 11:59 AM

#413

lolwut

Gets Weekends Off

Joined: Jun 2010

Posts: 1,792

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From: Doing what you do, for less.

Quote:

Originally Posted by ConnectionPilot

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

Isn't Pinnacle all about short term gains while ignoring long term consequences?

01-26-2012 | 12:09 PM

#414

ConnectionPilot

Line Holder

Joined: May 2006

Posts: 533

Likes: 0

From: CA

Quote:

Originally Posted by lolwut

Isn't Pinnacle all about short term gains while ignoring long term consequences?

With previous management, I'd say yes. With these guys, I have a hard time believing Menke wants to put his own name on the line taking a second company through a bankruptcy.

01-26-2012 | 02:02 PM

#415

ShyGuy

Banned

Joined: Dec 2005

Posts: 9,347

Likes: 329

Quote:

Originally Posted by IBPilot

Hi ShyGuy!

I do not have multiple screen names. I post under ShyGuy only, and as you've noticed, I'm vocal about certain topics. I have no reason to have multiple screen names.

01-26-2012 | 02:54 PM

#416

CW McCall

On Reserve

Joined: Jan 2012

Posts: 10

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From: SkyWest CRJ FO

Quote:

Originally Posted by block30

Does Delta's release of news of a good profit in 2011 have any bearing on the Pinnacle situation? I don't have the link because I am using my mobile, but the report is on atwonline.com.

I wondered the same thing when I read about Delta's profit.

01-26-2012 | 03:04 PM

#417

Fly782

Gets Weekends Off

Joined: Nov 2009

Posts: 1,226

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From: AN124 FE

New message from Menkester. Crj 900 and Q400 payments for the next 3 months are deferred until April. Read it quickly and jumped on here so I may have said something wrong.

Last edited by Fly782; 01-26-2012 at 03:38 PM.

01-26-2012 | 03:15 PM

#418

tennisguru

Roll’n Thunder

Joined: Oct 2009

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From: Pilot

Quote:

Originally Posted by Fly782

New message from Menkester. Crj 900 and Q400 payments for the next 3 months are deferred until April 12. Read it quickly and jumped on here so I may have said something wrong.

The lien holder on the airframes has agreed to defer for three months.

01-26-2012 | 04:09 PM

#419

mooney

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Joined: Jan 2008

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From: CL-65 captain

Quote:

Originally Posted by ConnectionPilot

I have a hard time believing Menke wants to put his own name on the line taking a second company through a bankruptcy.

Trenary had no problem with it....

01-26-2012 | 04:11 PM

#420

higney85

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Joined: Sep 2006

Posts: 2,610

Likes: 6

From: Bus driver

Quote:

Originally Posted by ConnectionPilot

Pinnacle wouldn't gain ANYTHING by selling the 16 -900s to DL. You might say money, but that's a short term fix. Selling to another carrier, different story.

Nothing but liquidity.

Delta gets to play the RFP game to keep carrier costs in check with competition. Finance 101. We need liquidity and DL needs a pawn. Hello -900's now owned by DL and $100M in the PNCL coffer to run the operation before DL's contractual rate increase.

Chicken, meet egg.