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-   -   Pinnacle buys Colgan? (https://www.airlinepilotforums.com/regional/8722-pinnacle-buys-colgan.html)

STR8NLVL 01-18-2007 11:06 AM

$20M for 39 planes that sell for over a million each seems kind of lean to me. They must have some MASSIVE debt to be assumed, too.

Well, who's for signing a union card and getting the pilot groups together?!

Airsupport 01-18-2007 11:20 AM

http://news.moneycentral.msn.com/tic...Symbol=US:PNCL

I hate to say it but,, I TOLD YOU GUYS... read back a few post and you all were laughing at me saying it could never happen. I knew it was in the works,,, apperantly they were for sale. I don't hate all you haters out there, just Next time just listen to me,, i don't post stuff just to start rumors, i post what i hear from reliable sources, and what i honestly feel is going to happen.

JoeyMeatballs 01-18-2007 11:53 AM

I can't believe it, whats gonna happen, damn I cant beleive it, glad I left to go to Express ;)

dingo222 01-18-2007 11:56 AM

brotha, u either left at the best possible time or the worst. We wont know for a bit. How's EWR?

STR8NLVL 01-18-2007 11:56 AM

Quote:

Originally Posted by Airsupport (Post 104419)
http://news.moneycentral.msn.com/tic...Symbol=US:PNCL

I hate to say it but,, I TOLD YOU GUYS... read back a few post and you all were laughing at me saying it could never happen. I knew it was in the works,,, apperantly they were for sale. I don't hate all you haters out there, just Next time just listen to me,, i don't post stuff just to start rumors, i post what i hear from reliable sources, and what i honestly feel is going to happen.

Well, I said it on that post, and will restate it here. I apologize, you were right. I have just been infused with a healthy dose of skepticism from all the crap rumors that I hear posted and stated in the cockpit as fact. And this one was especially unbelievable. But, it proved true.

I'm still shocked the Colgans would sell themselves out of jobs so cheaply.

Pilot41 01-18-2007 12:00 PM

Quote:

Originally Posted by STR8NLVL (Post 104409)
Well, who's for signing a union card and getting the pilot groups together?!


..and what's in it for Pinnacle?

STR8NLVL 01-18-2007 12:13 PM

Quote:

Originally Posted by Pilot41 (Post 104443)
..and what's in it for Pinnacle?

ummm, how 'bout not having a non-union sister company stealing your flying for sub-par wages and undermining your every demand at each contract negotiation? :rolleyes:

I really shouldn't take a rocket scientist to see that we both have a vested interest in not being pitted against one another.

Airsupport 01-18-2007 12:40 PM

Quote:

Originally Posted by STR8NLVL (Post 104440)
Well, I said it on that post, and will restate it here. I apologize, you were right. I have just been infused with a healthy dose of skepticism from all the crap rumors that I hear posted and stated in the cockpit as fact. And this one was especially unbelievable. But, it proved true.

I'm still shocked the Colgans would sell themselves out of jobs so cheaply.

dont worry i wont hate. As far as whats in it for pinnacle,, like i said earlier,, if they don't become union it will be a good WHIPSAW. whats nice is in our current contract we have scope protection for all flying done by PINNACLE CORP. so that means, they are probably in violation of our contract. It says all flying, present or future, done by PINNACLE CORP will be done by PINNACLE AIRLINES pilots. note the key words there, we have the protection already so it will be tough to whipsaw, but none the less,, owning a nonunion and union airline is just asking for trouble.

DMBinHBurg 01-18-2007 01:40 PM

Why is it so hard to belive? They just sold for 20million! They can take that 20 million, spread it out over some CD's @ 5.75% and sit in the Caribbean in their new beach house sippin on some mixed drinks. Looks like a good deal for them!

JoeyMeatballs 01-18-2007 02:12 PM

Quote:

Originally Posted by dingo222 (Post 104439)
brotha, u either left at the best possible time or the worst. We wont know for a bit. How's EWR?

EWR is awesome, I gotta say Colgan guys are used to subpar wages and work rules so I am sure Pinnacle isnt going to treat them any different.

I was at Colgan for 9 months, I have personally experienced the abuse, Kepp ya heads up ;)


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