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-   -   PNCL Files Chapter 11 (https://www.airlinepilotforums.com/regional/66415-pncl-files-chapter-11-a.html)

mooney 04-01-2012 08:29 PM

so since the 9e -900's are going to GoJetsss that means the pilots go with them right? ;)

B00sted 04-01-2012 08:30 PM

How about that integrated seniority list?
I offer my condolences to all the XJ and 9E pilots who are going to be furloughed because of this.

ShyGuy 04-01-2012 08:31 PM

The point was the writing was clear on the wall, and yet the personal attacks flew. Now that it's true, you change your tune? Good luck to all, if you've been following my threads, 99% of it came true. Not proud to say that by any means, as lots will be affected by upcoming displacements, downgrades, furloughs.

ShyGuy 04-01-2012 08:32 PM


Originally Posted by mooney (Post 1161956)
NO NO NO! You said JAN 1.


That's like that mayans saying they were right when the world ends in 3908 instead of 2012....

No, that's another thread, you quoted the wrong thread. The thread you quoted was the one posted on Jan 31, 2012. It's scary that the rumors flying around back then have now come to be 100% true. Since there's nothing new to add that I didn't already post in December and January, I'm going to bow out of this thread. There's no point reposting things that were already posted once.

wrxpilot 04-01-2012 08:38 PM

Guys, I'm really sorry to hear this... I've got a couple of friends at Colgan, and whenever we've had jumpseaters from Pinnacle/Colgan they were always a class act.

I know it's not much, but SkyWest is hiring and I'd be glad to help anybody out that wants to get on here. What a freaking mess this industry is...

2StgTurbine 04-01-2012 08:38 PM


Originally Posted by ShyGuy (Post 1161961)
The point was the writing was clear on the wall, and yet the personal attacks flew. Now that it's true, you change your tune? Good luck to all, if you've been following my threads, 99% of it came true. Not proud to say that by any means, as lots will be affected by upcoming displacements, downgrades, furloughs.

You fool. No one was mad at the information you stated. They just hated the way you said it. Lots of other people said bankruptcy was an option, but no one else seemed happy about it. You b!tched and moaned about being stuck in the right seat and how Colgan pilots screwed you. Then you stated we were going to go bankrupt with glee and seemed excited about an out of seniority furlough.

But don't worry Shy, you were right. Now go tell you mommy that your were right but the kids at the playground are still being mean to you.

Lone Palm 04-01-2012 08:39 PM


Originally Posted by mooney (Post 1161957)
so since the 9e -900's are going to GoJetsss that means the pilots go with them right? ;)


This probably isn't too far from the truth, the 900's are going to somebody, Delta will not want to lose some of it's 76 seat flying. The problem is they will most likely go the the lessor and then on to GoJet or Skywest which means no pilots with the planes

Prancinghorse 04-01-2012 08:45 PM

Awww man! Who the #$% woke shyguy up?

The Juice 04-01-2012 08:46 PM

Wonder what sick calls are going to look like the next few days?

ALTsel 04-01-2012 08:48 PM


Originally Posted by The Juice (Post 1161979)
Wonder what sick calls are going to look like the next few days?


Cough Cough... Sniffle.... ;)

JayHub 04-01-2012 08:50 PM

:mad:

Sorry folks.

mooney 04-01-2012 08:53 PM


Originally Posted by PerpetualFlyer (Post 1098281)
I'd say I can't wait for December 31st to come and go so that Shy can eat his words, but I'm sure he'll pull a move like that Pastor Harold Camping that predicted the world would end on May 21, 2011, only when it didn't he said that his "calculations" were off and gave a new date that didn't pan out. So what's your excuse gonna be when December 31st passes and we're still chugging along, huh? We're all DYING to hear it!


Originally Posted by ShyGuy (Post 1097822)
Time to short the stock!

Expect some news before the month (year) ends!


Originally Posted by ShyGuy (Post 1161963)
No, that's another thread, you quoted the wrong thread. The thread you quoted was the one posted on Jan 31, 2012. It's scary that the rumors flying around back then have now come to be 100% true. Since there's nothing new to add that I didn't already post in December and January, I'm going to bow out of this thread. There's no point reposting things that were already posted once.



pretty sure you meant bankruptcy by Dec 31 according to the title...

FlyingKat 04-01-2012 08:56 PM


Originally Posted by Jamers (Post 1161939)
Looks like we're losing 74 aircraft by Jan 2013. So plan on roughly 700-800 furloughs over the next year.

My original estimate was based on losing Qs and Saabs. With the 900s I'd estimate 400-450. Two things to keep in mind. During a scheduling recurrent with planning last November, they said the utilization on the DL side had been pulled down for 2012 to help with the training bubble. Colgan was staffing 3 per seat and Pinnacle 4 per seat under the old contracts. With the new contract more reserves are needed due to the new junior manning policies so the staffing numbers will have to be increased to 5 or maybe 6 per seat per aircraft which should mitigate the furloughs. Pinnacle was way, way understaffed before and is understaffed at present for the aircraft on property.

Still gonna be ****** sandwich though. Best of luck to everybody.....

FlyingKat 04-01-2012 08:59 PM


Originally Posted by What (Post 1161950)
I could see SKW making a play for Horizon, then United getting it's Q400 feed from Horizon. The other option would be RAH.

RAH: Not doing to good (might have a larger pilot pool now from Eagle & Pinnacle)
SKW: Not Making money right now and looks like it will have the most expensive labor moving forward
Eagle: Will get spanked by AMR (Future up in the air, or grounded depends how you look at it)
Pinnacle: Just filled

Are we really going to see SKW and RAH control the regional market moving forward, ladies and gentlemen we are in for an epic summer and not in a good way... I was about to take a break from Eaglelounge and APC. Now I can't :(

RAH is parking the last of its Q400s on April 24. Bedford hates props...

djrogs03 04-01-2012 09:03 PM


Originally Posted by FlyingKat (Post 1161986)
My original estimate was based on losing Qs and Saabs. With the 900s I'd estimate 400-450. Two things to keep in mind. During a scheduling recurrent with planning last November, they said the utilization on the DL side had been pulled down for 2012 to help with the training bubble. Colgan was staffing 3 per seat and Pinnacle 4 per seat under the old contracts. With the new contract more reserves are needed due to the new junior manning policies so the staffing numbers will have to be increased to 5 or maybe 6 per seat per aircraft which should mitigate the furloughs. Pinnacle was way, way understaffed before and is understaffed at present for the aircraft on property.

Still gonna be ****** sandwich though. Best of luck to everybody.....

Wychor told us last month that if the saabs were to leave over a 12 month period we wouldnt need to furlough but now with 70+ aircraft leaving in 10 months you can bet your a** it's gunna be quite a few...i'm not going to say a number because i think thats unfair...but i think your on the low side

gettinbumped 04-01-2012 09:12 PM

Sorry to hear that guys and gals. Been there, done that. Keep your heads up and be proud you didn't give in to the management requests to fund the executives pay raises with your cash. Stay strong and take care of each other. Ch 11 really stinks, but there is life on the other side

mloub 04-01-2012 09:23 PM

Is Delta taking back all the CRJ-900 flying?

M.

Luv2Rotate 04-01-2012 09:28 PM

Made sense to change all the uniforms to black and gold just to be F-bombed..........

FlyingKat 04-01-2012 09:34 PM

Interesting information from the fact sheet:

19. Did the Company try to get a DIP loan from anybody else?
The Company and its advisers reached out to nearly 20 different parties seeking a DIP loan.
 After numerous discussions with DIP lenders, it became clear that due to the Company’s lack of collateral, the ability to obtain a loan from a traditional DIP lender was impossible. They simply weren’t willing to take the risk of loaning money to a company in Chapter 11 with little to no collateral to back the loan.

So apparently we tried to get traditional DIP financing but were denied because we had no collateral (assets). Looks like the only thing that saved us from liquidation was Delta's desire to keep Pinnacle around to compete with other regionals........

FlyingKat 04-01-2012 09:35 PM

I wonder how long it will take before Menke announces we are moving out of the Ivory Tower and back to a cheaper location near the airport....

Fly782 04-01-2012 09:37 PM


Originally Posted by FlyingKat (Post 1162005)
I wonder how long it will take before Menke announces we are moving out of the Ivory Tower and back to a cheaper location near the airport....

Fed ex credit union is taking that buildng over

gonyon 04-01-2012 09:42 PM


Originally Posted by FlyingKat (Post 1162004)
Interesting information from the fact sheet:

19. Did the Company try to get a DIP loan from anybody else?


So apparently we tried to get traditional DIP financing but were denied because we had no collateral (assets). Looks like the only thing that saved us from liquidation was Delta's desire to keep Pinnacle around to compete with other regionals........

what would you wager as a condition of the loan, Daddy Delta wants to downsize 50 seat feed.

djrogs03 04-01-2012 09:45 PM


Originally Posted by FlyingKat (Post 1162005)
I wonder how long it will take before Menke announces we are moving out of the Ivory Tower and back to a cheaper location near the airport....

They should just move everything back to minni...thats what they should have done to begin with

FlyingKat 04-01-2012 09:46 PM


Originally Posted by Fly782 (Post 1162006)
Fed ex credit union is taking that buildng over

I hear there is empy space at Nonconnah.....

FlyingKat 04-01-2012 09:47 PM


Originally Posted by gonyon (Post 1162008)
what would you wager as a condition of the loan, Daddy Delta wants to downsize 50 seat feed.

Wouldn't surprise me a bit. We are truly at Mother Delta's mercy now....

FlyingKat 04-01-2012 09:49 PM


Originally Posted by djrogs03 (Post 1162010)
They should just move everything back to minni...thats what they should have done to begin with

Also wouldn't surprise me......as far as I know we're keeping all the training facilities there...

B200 Hawk 04-01-2012 09:58 PM

Haha so remember that time in new hire class when they said that the Q400 was the regional plane of the future and we could expect to see 75 soon with bases in DEN and ORD. Ya me to.

FlyingKat 04-01-2012 10:03 PM


Originally Posted by B200 Hawk (Post 1162017)
Haha so remember that time in new hire class when they said that the Q400 was the regional plane of the future and we could expect to see 75 soon with bases in DEN and ORD. Ya me to.

It is the regional airplane of the future for Commutair or Skywest.....

Wingtips 04-01-2012 10:32 PM

its the Beer can of the future. AA is on a path to be an all jet airline. Delta is trying to do the same. Even USAIR is on this road. No one wants to ride on a turbo prop, esp after the crash in 2008.

N261ND 04-01-2012 10:46 PM


Originally Posted by Wingtips (Post 1162027)
its the Beer can of the future. AA is on a path to be an all jet airline. Delta is trying to do the same. Even USAIR is on this road. No one wants to ride on a turbo prop, esp after the crash in 2008.

Tell that to all the loyal Horizon customers (which there are a ton of). Or all of the oil rough necks flying in and out of Williston on Great Lakes. Passengers don't care. Its about the customer service provided and managing the airline properly.

FlyingKat 04-01-2012 10:49 PM


Originally Posted by Wingtips (Post 1162027)
its the Beer can of the future. AA is on a path to be an all jet airline. Delta is trying to do the same. Even USAIR is on this road. No one wants to ride on a turbo prop, esp after the crash in 2008.

American had the Q400s in DFW during November and December and wants to use them to replace ATRs. United wants more Q400s and was putting first class in them. Qs will have a future because of the price of jet fuel. They will go somewhere, my guess is Skywest or Commutair, maybe Piedmont. We'll see...

dingo222 04-01-2012 10:54 PM

somebody please corner menke on the conference call and ask about the plan for out of senority furloughs etc. some of us will be flying this am during the call. thx.

jayray 04-01-2012 10:55 PM


Originally Posted by gonyon (Post 1162008)
what would you wager as a condition of the loan, Daddy Delta wants to downsize 50 seat feed.

That would be the end of 9E. This is probably the start of the end anyway. Pinnacle is going to be 1200 pilots all on max pay in a few years. Brilliant idea to shrink to profitability. How fast are they going to burn through that 30 million retraining the whole company again? They should just liquidate now and get it over with.

Wingtips 04-01-2012 10:55 PM


Originally Posted by N261ND (Post 1162029)
Tell that to all the loyal Horizon customers (which there are a ton of). Or all of the oil rough necks flying in and out of Williston on Great Lakes. Passengers don't care. Its about the customer service provided and managing the airline properly.

Yes because people in Alaska/the Pacific Northwest have ANYTHING in common with LA, THE NORTHEAST, or the the East Coast. This is a long term trend. It might not yet be effecting a company named ALASKA AIRLINES, but for the rest of the country it is the case. Also those 1900s in the middle of North Dakota are no example of anything.

Wingtips 04-01-2012 10:57 PM


Originally Posted by FlyingKat (Post 1162032)
American had the Q400s in DFW during November and December and wants to use them to replace ATRs. .

Source????? OH wait you have none!!!

Skypilotsv1984 04-01-2012 11:06 PM

I highly doubt out of seniority furloughs will happen, I'm on the 200.

jheath 04-01-2012 11:09 PM


Originally Posted by dingo222 (Post 1162033)
somebody please corner menke on the conference call and ask about the plan for out of senority furloughs etc. some of us will be flying this am during the call. thx.

I'd like to see someone ask him what his plans are for the extra 200K he just got. New car, new addition on the home, maybe take his family someplace nice this summer. Perhaps bodyguards to flank him in Memphis as he lays off half the company. That might be a smart investment.

dingo222 04-01-2012 11:40 PM

reading the faqs on the company site, thank god for the jcba and the language brought over from the measaba and old pcl contracts. if you didnt notice, all fas, mechanics etc will have to reapply for any vacancies at pinnacle and start over as new hires. no moving expenses, no furlough protections, year one pay etc. once the colgan cert is done, any remaining non pilot furlough will be terminated. this is going to suck for us all. we thought 11-09 was a mess. enjoy the 250k menke.

dvhighdrive88 04-02-2012 12:31 AM

I'm just wondering how you get "labor concessions" out of RJ drivers making peanuts and living on the same.

The RJ industry is facing very serious survival challenges in the long run and it's all driven by one primary factor and that is the cost of petroleum. No matter how one angles on the sudden about face in this business, you'll come back to fuel prices in the long range strategic plans the majors are making for survival in the $150+ per barrel oil era.

In the end they'll be a handful of RJ operators left, albeit much larger and consolidated just like the majors. Folks this is a Darwinistic business process that cannot be stopped and has been going on through peaks and troughs for decades. This is The Airline Industry. Lions, tigers and bears oh my.

FlyJSH 04-02-2012 12:35 AM


Originally Posted by ShyGuy (Post 1161952)
http://www.airlinepilotforums.com/re...cle-rumor.html

was true. The personal attacks were uncalled for.

Anyway, no point crying over spilled milk. Good luck to all.

Shyguy, you are a GOD! You are the most enlightened person EVER! I want to have your baby in hopes that my progeny will be at least half as smart as you!

Do you have a website? Because I really need some photos to enhance my wanking.


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