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

dingo222 01-18-2007 01:20 PM

it could be real good for colgan in the short term. Colgan needs more planes to take the new flying being thrown at them everyday. PCL has saabs that colgan can use NOW. Thats 10 more saabs that colgan can put to use quick. The thing that was holding colgan back was the cash. Now they have it. I agree with airsupport, I'd expect to see some bigger t-props in the future.

THere is 2 reasons why i see pcl did this. the first would be the more honest reason. Colgan is making money, and the have the niche t-prop cornered right now. Pcl holdings can make colgan more effecient and help them grow, which colgan couldnt do on it's own. They take the money that colgan is earning and spread it between the 2 companies to help both grow.

That would be the honest thing to do.

The second reason would be to whipsaw the pcl pilots at contract time. Both may happen. Neither may happen. Who knows! I never thought this would happen in the first place. I'd bet that colgan will be adding 5-10 planes or even more in the next 6 months. thats my 2 cents, but i'm already down a case of beer!

XJPILOT1 01-18-2007 02:07 PM

Smells like MESABA and Big Sky.

Airsupport 01-18-2007 05:10 PM

Quote:

Originally Posted by XJPILOT1 (Post 104566)
Smells like MESABA and Big Sky.

not really. the key here is that colgan has no jets,, so for them to get jets on the certificate would be a big deal. not saying it wont happen but i think colgan will get more props, and bigger props, and pncl will just get more jets. the difference is we have scope already saying any new flying must be done by pinnacle airlines pilots. we were smart enough to put in the last conctract that Pinnacle airlines pilots will do all present and future flying for Pinnacle INC. thats some pretty solid scope protection,,, now are they going to try and find a way around it... YOU BETCHA!!

Short Bus Drive 01-18-2007 05:41 PM

If it's Inc., you might be screwed. "INC." is the Airline.
"Corp" is the, well, corporation.
Also, they are keeping them separate (for now), so they can do any flying they can get there hands on.

STR8NLVL 01-18-2007 07:32 PM

That's why we need a combined union. To keep them from whipsawing the PCL contract by threatening to bid all new contracts through Colgan b/c our rules are worse and pay scales cheaper.

One company, one union.

reelbigchair 01-18-2007 07:33 PM

Quote:

Originally Posted by Airsupport (Post 104679)
not really. the key here is that colgan has no jets,, so for them to get jets on the certificate would be a big deal. not saying it wont happen but i think colgan will get more props, and bigger props, and pncl will just get more jets. the difference is we have scope already saying any new flying must be done by pinnacle airlines pilots. we were smart enough to put in the last conctract that Pinnacle airlines pilots will do all present and future flying for Pinnacle INC. thats some pretty solid scope protection,,, now are they going to try and find a way around it... YOU BETCHA!!

The TSA pilots built that exact phrase into their contract, and that didn't slow down management from creating GoJets. That little bit of scope cannot protect you.

Airsupport 01-18-2007 07:42 PM

Quote:

Originally Posted by reelbigchair (Post 104804)
The TSA pilots built that exact phrase into their contract, and that didn't slow down management from creating GoJets. That little bit of scope cannot protect you.

theirs was actually a little different. but the same still applies, i have even heard already that grievences are already in the works. our scope says it in as plain english as it gets. any flying done for pinnacle holdings will be done by pinnacle airlines pilots.

Brizzybrad 01-18-2007 08:10 PM

as far as the grievance thing goes, I filed 4 in the past 2 years on black and white contract issues that I should have clearly won. Guess what, I have not heard a g dam thing. These pigs will do whatever the hell they want and you know it.

BCDurbin 01-18-2007 08:40 PM

Quote:

Originally Posted by STR8NLVL (Post 104409)
$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?!

We lease several of our aircraft. I've never seen any dollar amount for Colgan's assets. But I did hear it's just a controlling percentage - not the whole thing.

I'll be waiting for that union card in the mail!!

Airsupport 01-19-2007 04:50 AM

Quote:

Originally Posted by Brizzybrad (Post 104821)
as far as the grievance thing goes, I filed 4 in the past 2 years on black and white contract issues that I should have clearly won. Guess what, I have not heard a g dam thing. These pigs will do whatever the hell they want and you know it.

remember that when it comes to grievences, sections 1 and 2 get immediate action by alpa lawyers.


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