PNCL's new CEO
01-29-2013 | 05:25 PM
#34
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
My guess is, RA has already run the numbers for every conceivable scenario, and knows the exact day it will be shut down.
01-29-2013 | 06:31 PM
#36
Gets Weekends Off
Joined: Oct 2008
Posts: 273
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My understanding is PCL ALPA has a contract with Delta to have at least 81 CRJ-900's for 7 years. Some may argue that Delta owes 7 years of wages to the pilots that would staff those aircraft if Delta winds PCL down. If they wind PCL down in a year some pilots would get 6 years of pay. This contract is between ALPA and Delta not PCL corp. This would be my understanding on why people think they would owe years of wages to some pilots.
01-29-2013 | 06:37 PM
#37
Line Holder
Joined: Jul 2009
Posts: 425
Likes: 0
From: 320 CA
The SSP agreement promises the aircraft, but it would be a stretch to say they owe them 7 years of pay. This is from the SSP. All Delta has to do is find a reason to terminate the DCA. And if the terminate the DCA the SSP is terminated as well.
The commitments in Section 1.a.-b. will terminate and shall be of no further force or effect upon the earlier of: i. the termination of the Delta Connection Agreement between Delta and Pinnacle (“DeltaPinnacle DCA”), as may be amended from time to time, that governs the operation of the aircraft subject to Section 1.a.-b., in accordance with its terms so long as Pinnacle, or its successor, is not an affiliate (as defined in the Delta PWA) of Delta Air Lines, Inc
The commitments in Section 1.a.-b. will terminate and shall be of no further force or effect upon the earlier of: i. the termination of the Delta Connection Agreement between Delta and Pinnacle (“DeltaPinnacle DCA”), as may be amended from time to time, that governs the operation of the aircraft subject to Section 1.a.-b., in accordance with its terms so long as Pinnacle, or its successor, is not an affiliate (as defined in the Delta PWA) of Delta Air Lines, Inc
01-29-2013 | 06:59 PM
#38
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
My understanding is PCL ALPA has a contract with Delta to have at least 81 CRJ-900's for 7 years. Some may argue that Delta owes 7 years of wages to the pilots that would staff those aircraft if Delta winds PCL down. If they wind PCL down in a year some pilots would get 6 years of pay. This contract is between ALPA and Delta not PCL corp. This would be my understanding on why people think they would owe years of wages to some pilots.
01-29-2013 | 07:07 PM
#39
:-)
Joined: Feb 2007
Posts: 7,339
Likes: 1
The SSP agreement promises the aircraft, but it would be a stretch to say they owe them 7 years of pay. This is from the SSP. All Delta has to do is find a reason to terminate the DCA. And if the terminate the DCA the SSP is terminated as well.
The commitments in Section 1.a.-b. will terminate and shall be of no further force or effect upon the earlier of: i. the termination of the Delta Connection Agreement between Delta and Pinnacle (“DeltaPinnacle DCA”), as may be amended from time to time, that governs the operation of the aircraft subject to Section 1.a.-b., in accordance with its terms so long as Pinnacle, or its successor, is not an affiliate (as defined in the Delta PWA) of Delta Air Lines, Inc
The commitments in Section 1.a.-b. will terminate and shall be of no further force or effect upon the earlier of: i. the termination of the Delta Connection Agreement between Delta and Pinnacle (“DeltaPinnacle DCA”), as may be amended from time to time, that governs the operation of the aircraft subject to Section 1.a.-b., in accordance with its terms so long as Pinnacle, or its successor, is not an affiliate (as defined in the Delta PWA) of Delta Air Lines, Inc
edit: there is one other scenario that voids the bridge agreement, and that is complete scope recapture of all 76 seat RJs to mainline.
Last edited by Mesabah; 01-29-2013 at 07:19 PM.
01-29-2013 | 07:17 PM
#40
Gets Weekends Off
Joined: Mar 2006
Posts: 1,406
Likes: 0
From: CRJ Captain
Just because a CEO has shut down two companies, it doesnt mean that he has come here to do the same. Delta has a very cheap operator in pinnacle now and they have them for the next 7 years at least. Im not saying it wont happen but I think that Delta has different plans for pinnacle. Having said that, you should still be looking elsewhere because delta's plans change by the second.
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