PNCL Files Chapter 11
04-01-2012 | 07:52 PM
#23
Gets Weekends Off
Joined: Jun 2010
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From: Doing what you do, for less.
REMEMBER WHO SAID THEY'D WAIT UNTIL END OF MARCH TO FILE? Oh, that's right--it was me.
...as of today, Phil Trenary's golden parachute payment agreement passed the one-year mark, so as of today, the Bankruptcy court cannot forcibly reapprpriate those payments.
This was planned a year ago, around March 29th. Phil got his parachute, they sat out a year until Phil's money was safe from the bk trustee, and now he's home free with his money!
America's corporate monarchy at its finest, ladies n gentleman...capitalism at its finest.
...as of today, Phil Trenary's golden parachute payment agreement passed the one-year mark, so as of today, the Bankruptcy court cannot forcibly reapprpriate those payments.
This was planned a year ago, around March 29th. Phil got his parachute, they sat out a year until Phil's money was safe from the bk trustee, and now he's home free with his money!
America's corporate monarchy at its finest, ladies n gentleman...capitalism at its finest.
04-01-2012 | 07:56 PM
#24
Line Holder
Joined: Oct 2010
Posts: 1,499
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[HTML]We appreciate all you have done to support our turnaround efforts. Your
hard work, professionalism and talents have given Pinnacle the solid
foundation it needs to complete a successful restructuring. On behalf of
the Board of Directors and the entire Pinnacle management team, thank you
for your ongoing focus and dedication.
Sincerely,
Sean[/HTML]
no prob. lemme know what i can do to help!
hard work, professionalism and talents have given Pinnacle the solid
foundation it needs to complete a successful restructuring. On behalf of
the Board of Directors and the entire Pinnacle management team, thank you
for your ongoing focus and dedication.
Sincerely,
Sean[/HTML]
no prob. lemme know what i can do to help!
04-01-2012 | 07:59 PM
#25
Gets Weekends Off
Joined: Jan 2008
Posts: 2,244
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From: CL-65 captain
04-01-2012 | 08:00 PM
#26
Gets Weekends Off
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From: CL-65 captain
04-01-2012 | 08:02 PM
#27
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From: Couch-Horizontal
04-01-2012 | 08:03 PM
#28
Gets Off to Weekends
Joined: Jan 2007
Posts: 649
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From: A320 FO
Based on the manning in November Pinnacle was so short staffed we could park all the Saabs and not furlough. Parking the Qs will result in furloughs. My guess is around 300 or so. This could have been worse, at least Delta is giving us the money to get through bankruptcy. Without that we'd be looking at liquidation.
Looks like we're losing 74 aircraft by Jan 2013. So plan on roughly 700-800 furloughs over the next year.
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