Pinnacle and ASA Weird Speculation
09-17-2012, 07:34 AM
#11
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Joined APC: Nov 2009
Position: AN124 FE
Posts: 1,226
Originally Posted by MunkyButtr
Pinnacle has 41 CRJ-900's and a disposable management team. No assets isn't always a bad thing, especially when the ones they do have are probably leveraged through the roof. I don't buy into this, but we all know crazier things have happened. SkyWest could buy Pinnacle and only take on the 900's. Not sure where the pilots fit in. I want to say that a company can be bought in pieces when in bankruptcy if approved by the creditors, but I'm not 100% sure. Long shot, but SkyWest could buy Pinnacle, take on the 900's for Delta since they are Delta owned and put 41 of the SkyWest owned 900's on the American Eagle operation which I'm sure will expand exponentially in the future. Just a crazy speculation.
09-17-2012, 07:39 AM
#12
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Originally Posted by MunkyButtr
Pinnacle has 41 CRJ-900's and a disposable management team. No assets isn't always a bad thing, especially when the ones they do have are probably leveraged through the roof. I don't buy into this, but we all know crazier things have happened. SkyWest could buy Pinnacle and only take on the 900's. Not sure where the pilots fit in. I want to say that a company can be bought in pieces when in bankruptcy if approved by the creditors, but I'm not 100% sure. Long shot, but SkyWest could buy Pinnacle, take on the 900's for Delta since they are Delta owned and put 41 of the SkyWest owned 900's on the American Eagle operation which I'm sure will expand exponentially in the future. Just a crazy speculation.
09-17-2012, 07:56 AM
#13
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Originally Posted by Fly782
Wouldnt that be Chapter 7? Which I can see happening...
09-17-2012, 08:05 AM
#14
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Position: blueJet
Posts: 4,515
Replace "Skywest" with "Skywest"
Replace "Delta" with "Delta"
Replace "ASA" with "ASA"
And replace "Pinnacle" with "Comair"
Aside from that, everything is about the same and no purchase happened with Comair.
Replace "Delta" with "Delta"
Replace "ASA" with "ASA"
And replace "Pinnacle" with "Comair"
Aside from that, everything is about the same and no purchase happened with Comair.
09-17-2012, 10:48 AM
#18
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Posts: 7,339
I looked at the source code for the memo and the original file title was "Atlantic Southeast Airlines". So it looks like someone started to write a document about ASA, then deleted it, then wrote the memo. Sounds like a nothingburger to me.
09-17-2012, 11:00 AM
#19
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Position: B757/767
Posts: 13,088
Originally Posted by drrhythm2
None of anything that has been discussed in this thread will happen. What does Pinnacle have to offer Skywest Inc? They bought Expressjet mainly because it had a CPA with great terms from the continental side. What assets does Pinnacle have? If they can't be competitive without massive cuts to pilot contracts then what about the operation would be appealing for a purchaser? Doesn't make any sense to me.
09-17-2012, 11:03 AM
#20
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I will settle this and tell you what really happened. That memo was written by the DCI managers at Delta. Our reorganization is being set up in the exact way they want. A similar memo was sent to ASA back in the day right before delta bought them. All they did was pull that memo up again, change the name, and send it out. Now you know.
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