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-   -   Pinnacle Mangement Bankruptcy Proposal (https://www.airlinepilotforums.com/regional/67246-pinnacle-mangement-bankruptcy-proposal.html)

FlyJSH 05-10-2012 08:57 AM

For those with loans, there is always this:

Military College Loan Repayment Program (CLRP)
It can cover up to $65,000 of loans. If I am not mistaken, one could keep his seniority number while enlisted, and (at least when I was in) getting a flight billet was easier for an active duty member than a guy off the street.



(no, I'm not being snotty. Money saved and the GI bill paid for my flight training)

FlyJSH 05-10-2012 09:08 AM


Originally Posted by BoilerUP (Post 1185560)
Threads like this are why I pushed very hard in my graduation exit interview that Purdue make a personal finance class mandatory for AvTech/Flight majors.

A library card and "Total Money Makeover" would do folks a lot of good...

Good idea.

Funny thing is lately one of the title loan companies has been advertizing that it is paying for high school kids to take a personal finance class.

N53 W030 05-10-2012 11:26 AM


Originally Posted by vtx531 (Post 1184600)
-management option to cap all pilot line awards at 75 hours

Somebody help me out with this one. Does this mean you would only get paid for 75 hours but might have to fly more? Or that they wouldn't build lines above 75 hours? Seems like that would ultimately require more pilots to make that work (for a given number of flight hours).

What am I missing?

belliott 05-10-2012 12:28 PM

The reason for that clause is the simple fact that part of the agreement between Delta and Pinnacle states that Delta will have the ability to change our total block hours from month to month. Capping the lines to 75 means that either a) there will be a while lot of reserves on a given month out b) there will be no reserves for that given month... Since our guarantee its 75 hours why would the company want some people to have the ability to break guarantee when they can almost do away with pilots going over guarantee... Does that make sense? Typing on my phone doesn't help my thought process...

mooney 05-10-2012 12:58 PM


Originally Posted by belliott (Post 1185712)
The reason for that clause is the simple fact that part of the agreement between Delta and Pinnacle states that Delta will have the ability to change our total block hours from month to month. Capping the lines to 75 means that either a) there will be a while lot of reserves on a given month out b) there will be no reserves for that given month... Since our guarantee its 75 hours why would the company want some people to have the ability to break guarantee when they can almost do away with pilots going over guarantee... Does that make sense? Typing on my phone doesn't help my thought process...

Yeah since Delta has lots more summer flying for us generally I think we will all see 90 hour lines in the summer and 75 hour lines in the winter. If we didn't have such drastic change in block hours season to season I would think it would be cheaper to furlough more and have everyone fly 90 hours (gotta leave a pad for JM/Ext)

Avroman 05-11-2012 07:41 AM


Originally Posted by ShyGuy (Post 1185285)
Finally......... some common sense:

V. Implementation of Integrated Seniority List.

A. The Carrier Parties shall not implement the Integrated Seniority List prior to operational integration.

B. No employee of any Carrier may claim an entitlement to seniority rights of any type under the integrated Seniority List, or to compensation or other benefits in lieu of such seniority rights, prior to Operational Integration.

Sounds an AWFUL lot like, furlough out of seniority order to stop the training madness.

ShyGuy 05-11-2012 09:05 AM


Originally Posted by Avroman (Post 1186215)
Sounds an AWFUL lot like, furlough out of seniority order to stop the training madness.

Uhh, no. That portion is for future potential mergers. What's it saying is that we need to prevent movement across certificates before we even have an operational integration.

For our 3-way merger, what SHOULD have happened is that even after the ISL, no one should have been able to jump across to another airline for a period of two years. Give it time to getting the airlines integrated first.

PinnacleFO 05-12-2012 11:49 AM

2 questions to discuss about the term sheet: one obviously is why is there pay rates (pathetic) in there for 86 seat and 115000 lb planes and second, why is there a q 400 rate still listed?

vtx531 05-13-2012 07:06 AM

I'm with whoever said:

They got rid of all the money-losing operations.

We are making money on -200s and XJ-900's... so why do we need any paycuts or concessions?

I mean, I can see if we kept all that other flying then it makes sense for them to ask for paycuts (still rediculous though) but now why?

tom14cat14 05-13-2012 07:58 AM


Originally Posted by vtx531 (Post 1187221)
I'm with whoever said:

They got rid of all the money-losing operations.

We are making money on -200s and XJ-900's... so why do we need any paycuts or concessions?

I mean, I can see if we kept all that other flying then it makes sense for them to ask for paycuts (still rediculous though) but now why?

Because now they can make more money. You can not keep giving 40%+ to management if we do not take a pay cut.


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