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Agreed. If this DIP loan is rejected by the court, you will probably see some kind of orderly shutdown similiar to what happened at FLYI.Originally Posted by Bucking Bar
If Delta's DIP motion is set aside as a result of this motion, I'd expect the result for the Company to be a dissolution.
Can Delta handle 177 planes getting phased out in a short amount of time, especially with the busy summer season coming up?
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FWIW, according to APC Pinnacle & Mesaba together have 143 CRJ-200s and 57 CRJ-900s, all of which fly for Delta I believe.Originally Posted by johnso29
I believe it's 140 CRJ200's.
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Are the parties objecting to the motion creditors, or shareholders? Or is a shareholder a creditor under the law, somehow?Originally Posted by FlyingKat
Bankruptcy case law clearly stipulates that all creditors have to be treated equally.
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And 50 or so 900sOriginally Posted by johnso29
I believe it's 140 CRJ200's.
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I'm not saying this is a result of Colgan's accident, but knowing how upset the risk management side of the business were, it would not surprise me.
Only the hull insurance. Liability insurance was held in Europe.Originally Posted by Bucking Bar
Worse, because of the way NWA had structured their risk management program, Delta's program took the losses from Colgan 3407. You can almost hear the excitement as underwriters got a much larger Delta account followed by the "oh crud" (cleaned up for APC) when they learned their account results got destroyed by what came with the acquisition.I'm not saying this is a result of Colgan's accident, but knowing how upset the risk management side of the business were, it would not surprise me.
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Now Delta sees an opportunity here for us and it is not related to parking 200's; The question is, what is that plan? My guess would be it has something to do with Comair.
I know Comair is "inhouse" but why would Delta hurt the lower cost carrier to help the higher cost carrier? We all know that Comair is downsizing because they became too expensive to operate...Originally Posted by Mesabah
Yeah, this motion will be rejected because it would cause Chapter 7. As I've said before, Delta bankrupted us by not paying us for the merger costs. This is because Colgan was integrated in, and Delta was not going to pay for any of that. Now Delta sees an opportunity here for us and it is not related to parking 200's; The question is, what is that plan? My guess would be it has something to do with Comair.
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A shareholder is a creditor.Originally Posted by Sink r8
Are the parties objecting to the motion creditors, or shareholders? Or is a shareholder a creditor under the law, somehow?
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Comair got downsized by Delta, so that Delta could diversify its feed. When Comair went on strike, Delta learned that putting all of its eggs in one basket could be costly. The unit cost for Comair has gone up as they have shrank. It is all about diversifying the feed and taking away bargaining power.Originally Posted by Vertisch
I know Comair is "inhouse" but why would Delta hurt the lower cost carrier to help the higher cost carrier? We all know that Comair is downsizing because they became too expensive to operate...
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Originally Posted by duvie
FWIW, according to APC Pinnacle & Mesaba together have 143 CRJ-200s and 57 CRJ-900s, all of which fly for Delta I believe.
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You guys are 100% correct. I'm still getting used to Mesaba being Pinnacle now.Originally Posted by MunkyButtr
And 50 or so 900s
