Airline Pilot Central Forums - Pinnacle NASDAQ Delisting

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Quote:

Originally Posted by ConnectionPilot (Post 1167225)

would I be surprised if we got bought? Not at all. Delta? maybe. Buy a carrier for 100-200 million, turn around and sell it in 2-3 years for a billion dollars? Yea I'd do it if I was Delta.

Why would they do that they have been trying to get rid of Comair for sometime now....

Quote:

Originally Posted by jayray (Post 1167236)

Instead of picketing Pinnacle Corp we need to picket ALPA national with signs that say, "We want a national seniority list" or "Help us strike down the RLA" or "What is your stance on Major airline scope?"

I was thinking this today too but for Pinnacle ALPA.

Theres a creditors meeting coming up. Why don't you picket that?

Why would anyone want to buy Pinnacle? Its a failed business that doesn't have any real assets or future. The airline is bankrupt and spiraling down the drain for a reason.

Quote:

Originally Posted by PinnacleFO (Post 1167331)

If we were to be purchased, it would probably be on july 1, start of the new fiscal year

Which is exactly when Mesaba was sold to Pinnacle in 2010.

None of upper management own stock, so why should they care?

Quote:

Originally Posted by ConnectionPilot (Post 1167225)

would I be surprised if we got bought? Not at all. Delta? maybe. Buy a carrier for 100-200 million, turn around and sell it in 2-3 years for a billion dollars? Yea I'd do it if I was Delta.

Zac 9E isn't worth that much, look at the Mesaba purchase, Delta sold XJ to 9E for chump change.

I personally think Delta gave 9E money because they controlled 36% of the regional flying for DL and it was a too big to fail scenario, that's alot of feed to lose.

9E doesn't own any assets except for the personel and maybe a few filing cabinets in MEM. Keep in mind Frontier was sold to Republic for $108 million in bankrupcy and that was with the aircraft. I think you would be looking at a price range close to or exceeding the Mesaba acquisition, but that all depends on what the value of the company is in bankrupcy. If Delta can turn this place around you may see a sale fore 100 million, but who knows where we would be when that happens.