Pinnacle
04-17-2013 | 09:58 AM
#91
Gets Off to Weekends
Joined: Jan 2007
Posts: 649
Likes: 0
From: A320 FO
I hope that you are right. Flow will destroy the character and strength of Delta Air Lines. Many of us have already seen it 1st hand. The entitlement attitude, youthful naivete and general lack of professionalism is disturbing. If one wishes to join the ranks of Delta, then work hard, study hard, and for heaven sakes, fill out an application. Otherwise may I suggest Virgin America...I think they may be hiring.
04-17-2013 | 09:59 AM
#92
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
I hope that you are right. Flow will destroy the character and strength of Delta Air Lines. Many of us have already seen it 1st hand. The entitlement attitude, youthful naivete and general lack of professionalism is disturbing. If one wishes to join the ranks of Delta, then work hard, study hard, and for heaven sakes, fill out an application. Otherwise may I suggest Virgin America...I think they may be hiring.
Many pilots would like the career progression to mainline, and also want to give the best customer service while they work at their regional---regionals that have arguably more constraints due to the very cut throat nature of the regional whip saw.
04-17-2013 | 10:19 AM
#93
Gets Weekends Off
Joined: Dec 2005
Posts: 9,496
Likes: 505
I hope that you are right. Flow will destroy the character and strength of Delta Air Lines. Many of us have already seen it 1st hand. The entitlement attitude, youthful naivete and general lack of professionalism is disturbing. If one wishes to join the ranks of Delta, then work hard, study hard, and for heaven sakes, fill out an application. Otherwise may I suggest Virgin America...I think they may be hiring.
04-17-2013 | 10:23 AM
#94
Gets Weekends Off
Joined: Dec 2005
Posts: 9,496
Likes: 505
I meant to say that the most senior pilot who flowed in 2008 was around #70 so the top 69 turned it down. Once you turn down the flow and someone junior to you flows, you are no longer flow thru eligible. I'd guesstimate that the most junior XJ pilots who flowed, pre SSI, was around #170 give or take a little. So to answer your question, approx 170 XJ pilots have had the option to flow with only 54 takers. I think there have been 6 flow groups of 9 pilots per group.
04-17-2013 | 10:36 AM
#95
Da Hudge
Joined: Oct 2006
Posts: 17,473
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From: Poodle Whisperer
04-17-2013 | 11:36 AM
#96
Thread Starter
Gets Weekends Off
Joined: Aug 2008
Posts: 353
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From: MSP CA
Pinnacle to exit Chapter 11
A bankruptcy-court judge on Wednesday cleared regional carrier Pinnacle Airlines Corp. (PNCLQ) to leave Chapter 11 as a unit of Delta Air Lines Inc. (DAL), a decision that streamlines Pinnacle's operations and costs in an increasingly consolidating airline industry.
"There was a time where the future of this case was in doubt," said Judge Robert E. Gerber of U.S. Bankruptcy Court in Manhattan, referring to moments earlier in the case where Pinnacle would have likely folded without loans from Delta, its only substantial creditor and customer.
Pinnacle said it expects to be out of bankruptcy by May 1, and that the only regulatory approval it needed--an obscure one from the U.S. Department of Transportation--won't delay the deal.
"It has been a rather turbulent last 12 months for us," said Davis Polk & Wardwell LLP's Damian S. Schaible, a lawyer for Pinnacle, which filed for Chapter 11 protection last April.
Pinnacle used its bankruptcy to cut deals with its three main unions that call for deep concessions among those workers. It also focused on cutting its operating costs in the ever-competitive airline industry, and ended up in the wings of Delta, its only remaining customer.
The deal calls for Pinnacle to nearly double the number of large planes it flies for Delta to 81 and to phase out its fleet of smaller planes. As part of a compromise, Pinnacle won't have to pay fees to Delta for returning those smaller planes, which should save the company more than $100 million. Pinnacle also will cut the number of routes it flies for Delta, focusing only on more-profitable ones.
For unsecured creditors other than Delta, as well as union groups, Delta will deposit $2.25 million into a trust. When the claims are sorted out, those creditors will divvy up that money.
"At certain points, it looked like this company wasn't going to come out of bankruptcy," said Morrison & Foerster LLP's Brett Miller, a lawyer for Pinnacle's official committee of unsecured creditors. Earlier in the case, a group of equity holders--who will be wiped out by the plan--vehemently fought against the Delta loans.
Pinnacle, based in Memphis, Tenn., operates flights between hubs and smaller cities for Delta, although it used to fly planes for other carriers.
The company, which employs more than 5,000 people, plans to move its headquarters to Minneapolis.
Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.
"There was a time where the future of this case was in doubt," said Judge Robert E. Gerber of U.S. Bankruptcy Court in Manhattan, referring to moments earlier in the case where Pinnacle would have likely folded without loans from Delta, its only substantial creditor and customer.
Pinnacle said it expects to be out of bankruptcy by May 1, and that the only regulatory approval it needed--an obscure one from the U.S. Department of Transportation--won't delay the deal.
"It has been a rather turbulent last 12 months for us," said Davis Polk & Wardwell LLP's Damian S. Schaible, a lawyer for Pinnacle, which filed for Chapter 11 protection last April.
Pinnacle used its bankruptcy to cut deals with its three main unions that call for deep concessions among those workers. It also focused on cutting its operating costs in the ever-competitive airline industry, and ended up in the wings of Delta, its only remaining customer.
The deal calls for Pinnacle to nearly double the number of large planes it flies for Delta to 81 and to phase out its fleet of smaller planes. As part of a compromise, Pinnacle won't have to pay fees to Delta for returning those smaller planes, which should save the company more than $100 million. Pinnacle also will cut the number of routes it flies for Delta, focusing only on more-profitable ones.
For unsecured creditors other than Delta, as well as union groups, Delta will deposit $2.25 million into a trust. When the claims are sorted out, those creditors will divvy up that money.
"At certain points, it looked like this company wasn't going to come out of bankruptcy," said Morrison & Foerster LLP's Brett Miller, a lawyer for Pinnacle's official committee of unsecured creditors. Earlier in the case, a group of equity holders--who will be wiped out by the plan--vehemently fought against the Delta loans.
Pinnacle, based in Memphis, Tenn., operates flights between hubs and smaller cities for Delta, although it used to fly planes for other carriers.
The company, which employs more than 5,000 people, plans to move its headquarters to Minneapolis.
Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.
04-17-2013 | 11:57 AM
#97
Banned
Joined: May 2012
Posts: 1,071
Likes: 0
A bankruptcy-court judge on Wednesday cleared regional carrier Pinnacle Airlines Corp. (PNCLQ) to leave Chapter 11 as a unit of Delta Air Lines Inc. (DAL), a decision that streamlines Pinnacle's operations and costs in an increasingly consolidating airline industry.
"There was a time where the future of this case was in doubt," said Judge Robert E. Gerber of U.S. Bankruptcy Court in Manhattan, referring to moments earlier in the case where Pinnacle would have likely folded without loans from Delta, its only substantial creditor and customer.
Pinnacle said it expects to be out of bankruptcy by May 1, and that the only regulatory approval it needed--an obscure one from the U.S. Department of Transportation--won't delay the deal.
"It has been a rather turbulent last 12 months for us," said Davis Polk & Wardwell LLP's Damian S. Schaible, a lawyer for Pinnacle, which filed for Chapter 11 protection last April.
Pinnacle used its bankruptcy to cut deals with its three main unions that call for deep concessions among those workers. It also focused on cutting its operating costs in the ever-competitive airline industry, and ended up in the wings of Delta, its only remaining customer.
The deal calls for Pinnacle to nearly double the number of large planes it flies for Delta to 81 and to phase out its fleet of smaller planes. As part of a compromise, Pinnacle won't have to pay fees to Delta for returning those smaller planes, which should save the company more than $100 million. Pinnacle also will cut the number of routes it flies for Delta, focusing only on more-profitable ones.
For unsecured creditors other than Delta, as well as union groups, Delta will deposit $2.25 million into a trust. When the claims are sorted out, those creditors will divvy up that money.
"At certain points, it looked like this company wasn't going to come out of bankruptcy," said Morrison & Foerster LLP's Brett Miller, a lawyer for Pinnacle's official committee of unsecured creditors. Earlier in the case, a group of equity holders--who will be wiped out by the plan--vehemently fought against the Delta loans.
Pinnacle, based in Memphis, Tenn., operates flights between hubs and smaller cities for Delta, although it used to fly planes for other carriers.
The company, which employs more than 5,000 people, plans to move its headquarters to Minneapolis.
Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.
"There was a time where the future of this case was in doubt," said Judge Robert E. Gerber of U.S. Bankruptcy Court in Manhattan, referring to moments earlier in the case where Pinnacle would have likely folded without loans from Delta, its only substantial creditor and customer.
Pinnacle said it expects to be out of bankruptcy by May 1, and that the only regulatory approval it needed--an obscure one from the U.S. Department of Transportation--won't delay the deal.
"It has been a rather turbulent last 12 months for us," said Davis Polk & Wardwell LLP's Damian S. Schaible, a lawyer for Pinnacle, which filed for Chapter 11 protection last April.
Pinnacle used its bankruptcy to cut deals with its three main unions that call for deep concessions among those workers. It also focused on cutting its operating costs in the ever-competitive airline industry, and ended up in the wings of Delta, its only remaining customer.
The deal calls for Pinnacle to nearly double the number of large planes it flies for Delta to 81 and to phase out its fleet of smaller planes. As part of a compromise, Pinnacle won't have to pay fees to Delta for returning those smaller planes, which should save the company more than $100 million. Pinnacle also will cut the number of routes it flies for Delta, focusing only on more-profitable ones.
For unsecured creditors other than Delta, as well as union groups, Delta will deposit $2.25 million into a trust. When the claims are sorted out, those creditors will divvy up that money.
"At certain points, it looked like this company wasn't going to come out of bankruptcy," said Morrison & Foerster LLP's Brett Miller, a lawyer for Pinnacle's official committee of unsecured creditors. Earlier in the case, a group of equity holders--who will be wiped out by the plan--vehemently fought against the Delta loans.
Pinnacle, based in Memphis, Tenn., operates flights between hubs and smaller cities for Delta, although it used to fly planes for other carriers.
The company, which employs more than 5,000 people, plans to move its headquarters to Minneapolis.
Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.
04-17-2013 | 12:07 PM
#98
:-)
Joined: Feb 2007
Posts: 7,339
Likes: 1
Slats, Delta can't back out of the bridge agreement, without compensating the Pinnacle pilot group. The agreement is between DAL and 9E pilots for 7 years of bottom feeder salary for 40 CRJ900s. 9E or whatever its new name is, is going to be around for at least another 7 years. The SSP requires Delta to hire 12-20 guys a month, mandatory in addition to the flows.
04-17-2013 | 01:22 PM
#99
Gets Weekends Off
Joined: Jun 2008
Posts: 939
Likes: 0
I hope that you are right. Flow will destroy the character and strength of Delta Air Lines. Many of us have already seen it 1st hand. The entitlement attitude, youthful naivete and general lack of professionalism is disturbing. If one wishes to join the ranks of Delta, then work hard, study hard, and for heaven sakes, fill out an application. Otherwise may I suggest Virgin America...I think they may be hiring.
But I do agree with the rest, there is an alarming entitlement attitude and naiveté, not just at the regionals though. The whole industry.
04-17-2013 | 01:32 PM
#100
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
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