Objection 2 Delta's DIP financing 4 Pinnacle

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04-26-2012 | 09:53 AM

#61

Jamers

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From: A320 FO

Quote:

Originally Posted by johnso29

Very strong rumors of acquiring 88 B717's as well.

Any talk of increasing capacity or do you think this stuff will be a net zero change in capacity?

04-26-2012 | 09:58 AM

#62

avi8tor220

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Quote:

Originally Posted by johnso29

Very strong rumors of acquiring 88 B717's as well.

Will this cause a need for you guys to hire? I know a lot of those 717's are replacements for the DC-9, and I know you guys are not going to get 88 717s all at once, but it's still some growth right?

04-26-2012 | 10:03 AM

#63

block30

Bracing for Fallacies

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From: In favor of good things, not in favor of bad things

Quote:

Originally Posted by avi8tor220

Will this cause a need for you guys to hire? I know a lot of those 717's are replacements for the DC-9, and I know you guys are not going to get 88 717s all at once, but it's still some growth right?

I was going to say the same thing. Eighty eigt a/c equals how many pilots?? Plus the retirements that are about to start, that seems like a LOT of hiring for a relatively dormant hiring/training department.

04-26-2012 | 10:06 AM

#64

johnso29

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From: B757/767

Quote:

Originally Posted by Jamers

Any talk of increasing capacity or do you think this stuff will be a net zero change in capacity?

Quote:

Originally Posted by avi8tor220

Will this cause a need for you guys to hire? I know a lot of those 717's are replacements for the DC-9, and I know you guys are not going to get 88 717s all at once, but it's still some growth right?

I can only speculate, but putting this rumor together with consistent comments from management about aggressively parking 50 seaters, I think obtaining B717's would indeed require hiring. We won't be able to staff those jets with the pilots we have now. There are only 17 DC9's left, and we still have the 737-900ERs coming starting in 2013. They are supposedly replacement jets, but if the economy is right they could be growth jets.

04-26-2012 | 10:10 AM

#65

MunkyButtr

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Quote:

Originally Posted by johnso29

What? A mainline airline actually growing? That's scary.... (sarcasm). When was the last time a mainline had a net growth????

04-26-2012 | 10:14 AM

#66

Bucking Bar

Can't abide NAI

Joined: Jun 2007

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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

Quote:

Originally Posted by Airsupport

Remember its nearly 200 planes that would be parked. Ch 11 has the option of an orderly wind down. In ch7 there is no orderly wind down. Creditors get in line and stuff gets sold.

Sort of, but not exactly.

If your management, or Delta, have been smart, they "cross collateralize" assets. What this means is that the lease for ship #001 is secured by the hull of ship #003. The engines for ship #004 are on #002 and the cowlings are on #005. A lot of this happens just as spares get swapped around during line operations.

The ACA Dornier fleet was a disaster. Someone would buy an airplane, only to receive a call three months later demanding that the right engine be returned to XXX Capital Management, meanwhile a lien was being filed against the hull and a lawsuit to recover the FMC, etc... .

The last Eastern Airlines lawsuit was resolved in the last couple of years, if that gives you any frame of reference. CH7 and an airline is guaranteed employment for hundreds of attorneys.

04-26-2012 | 10:15 AM

#67

johnso29

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From: B757/767

Quote:

Originally Posted by MunkyButtr

What? A mainline airline actually growing? That's scary.... (sarcasm). When was the last time a mainline had a net growth????

Can't remember. I'll only believe it when I see it.

04-26-2012 | 10:16 AM

#68

avi8tor220

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Quote:

Originally Posted by johnso29

Good to hear sir! Airlineapps is updated, LORs are in. Hoping that's enough to get a look when the music starts. I can't take another day of this regional flying crap.

04-26-2012 | 10:16 AM

#69

Bucking Bar

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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

Quote:

Originally Posted by Jamers

If Delta wants to maintain this capacity, I'd think that it's best interests would be to keep Pinnacle afloat rather than dump a ton of planes on other understaffed regionals.

Well, you have to understand why outsourcing works:

TO DESTROY LONGEVITY

Delta would be more than happy to see you (or me for that matter) moved from year 12 pay to year 1 pay.

04-26-2012 | 10:32 AM

#70

Bucking Bar

Can't abide NAI

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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

For those asking for a fleet plan, eventually a reorganization plan will be filed. At this time the closest you can get is to look at the various motions to reject leases and put together the numbers for yourself (or read the news):

Here's a link to the Docket:

Docket Search