Pinnacle’s bankruptcy underlies growing weakness of US regional carriers | CAPA

Interesting account of the timeline and factors leading up to the BK declaration, including the fact that:

So the decision to declare BK was made MANY moths ago, long before numbers 1 & 2 decided to stuff their pockets full of cash.

Is that really a surprise to anyone anymore? CEO's go the the BOD and show how they can save millions by restructuring through bankruptcy and they negotiate a percentage of the savings to stick around.

Just the way management works in industries that are so important to the national economy and where the government doesn't want to pay for bailouts.

Pinnacle To Rely On Small Jets For Survival | AVIATION WEEK

More of the same more or less...

The 16 900's are 'going away' in Jan 2013. The reason for that is: The company will get the BK Court to make us take huge pay cuts. Then Delta will negotiate with Pinnacle to keep the 900's operating with the new crap wages.

Or to renegotiate the leases and/or pawn them off to another carrier for a 2:1 trade to park 200s.

Maybe they will renegotiate with us to get them back and do the 2:1 at the same time.

That's a fallacy, or you don't know very many. There are always some interested, especially in SWA, UPS, FDX but not so much the rest of the industry.

Agreed. Being in a Tanker unit, I know many AGR pilots in ANG units who wouldn't touch the airlines w/a 10-foot pole right now. And why should they? They have federal holidays off, 3 weekends/month off, pilot bonus (Active Guard Reserve [AGR] Guys/Gals), free insurance, 20-year retirements, job security for the most part, and home most every night as well.
Technician pilots, on the other hand, their program is a little different. And for a traditional guardsman, that statement could be correct if they're looking to fly more...or they could guard bum 'til something full-time comes along. If you think it's hard getting on at the majors, try getting in an AGR program in the ANG units! It's done of course, but politics plays a huge hand - like everywhere else it seems.

Are things over already? I can't even get on any of the company websites, this is all I get.



http://i748.photobucket.com/albums/x...hotos/pncl.jpg

I haven't been able to log into crewpay (Rainmaker) for a few days. Wouldn't surprise me if they "forgot" to pay the webhosting bill too.