PNCL Files Chapter 11

ctab5060X said:
How? Most of the Captains are senior enough to bid over to the 9E -200 (with its pathetic excuse for a ratio). Colgan captains bid the -200, 9E guys get screwed again...
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there would need to be over 300 vacancies to absorb all the cjc capts. not going to happen any time soon
 
sherpa said:
there would need to be over 300 vacancies to absorb all the cjc capts. not going to happen any time soon
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The company already created a mess with 11-09. The history for bad decisions concering training and vacancies is there.

All I'm saying is that most Colgan captains will be able to be displaced to what thier seniority can hold per the Bloch award. With the current staffing and ratios, that means the 9E -200. 9E captains get displaced or downgraded. It won't happen overnight, I am willing to bet that there will be many a current -200 captain that will be sent back to the right seat as a result of this bankrupcy.
 
From April bid packet:

BOS SF3 CA - 14
BOS SF3 FO - 16
CRW SF3 CA - 5
CRW SF3 FO - 6
IAD SF3 CA - 49
IAD SF3 FO - 38
IAH SF3 CA - 53
IAH SF3 FO - 56

EWR Q CA - 99
EWR Q FO - 88
IAH Q CA - 56
IAH Q FO - 47

527 on the 9L side

We do have people in classes all over though.
 
Cptnchia said:
So wait, let me get this straight...Delta loaned Pinnacle $74million just so Pinnicle could turn around and pay back a $44million loan to Delta? Don't they still owe the money?
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Correct, however DIP financing is first in the queue to be paid back, and the terms may be different.
 
jtrain609 said:
Pinnacle is not affected by low fares. At all. In any way.

Pinnacle is affected by signing a contract with United that was unprofitable.

No matter what United sells the tickets for, Pinnacle gets paid the same, and gets paid a flat fee for every flight. Hell, there's almost no way to NOT make money with a fee for departure setup.
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In a long winded way, yes, they are effected by low ticket prices. If the company that they have the contract with would charge a higher ticket price, they could also put up more money for Pinnacle to operate properly.
 
Cav said:
Actually quite the opposite is happening and has been for some time now.

http://www.usatoday.com/money/indus...in-raising-fares-blames-fuel-costs/53789492/1
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Trying to save a sinking ship with a red party cup. It hasn't been happening for a long time. maybe a few years at best. The fair hikes have been a stop leak measure, not a prevent leaks measure. Fairs have been artificially low for years now, and IMO, this is going to be to little to late for many companies.
 
mshunter said:
Trying to save a sinking ship with a red party cup. It hasn't been happening for a long time. maybe a few years at best. The fair hikes have been a stop leak measure, not a prevent leaks measure. Fairs have been artificially low for years now, and IMO, this is going to be to little to late for many companies.
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Speaking from experience watching the day to day operation, there are a craptastic amount of reasons why airlines are money losers and while gas may be an issue, they lost money even when gas was cheap.

I do agree with you that in the days of profit, there would be more money going around BUT the truth of the matter is Pinnacle bid on those contracts knowing they were going into contract negotiations, knowing they would be losing money. It was pure management ineptitude that caused this.
 
First before anything I feel for you guys. Going through something like this is a level of suck no one should experience. However isn't a shrinking regional fleet what we all have been wanting in this industry? It sucks when that involves names that we know and families that will feel pain but I dont see how the regionals can go away without people losing jobs.
 
Pulled every rip chord I got... Hoping the chute deploys before the burning wreck hits the ground...

Oddly it feels liberating knowing that I'll have no hesitations about leaving now.

Just think.. If 9e never bought Colgan... We'd prob still be just "doin the Colgan"

Good luck guys, I'll be passing resumes along to friends at other airlines as well.
 
mikecweb said:
First before anything I feel for you guys. Going through something like this is a level of suck no one should experience. However isn't a shrinking regional fleet what we all have been wanting in this industry? It sucks when that involves names that we know and families that will feel pain but I dont see how the regionals can go away without people losing jobs.
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the regional fleet won't be shrinking though. there will be a new company flying it for cheaper.
 
sherpa said:
right, but with the bloch award, cjc pilots will be locked out of many positions for a while no? I do feel its only fair though
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I haven't read the bloch award but I would guess fences only apply to voluntary bids, not displacement bids. But I would ask your union rep or P2P.

On an unrelated note, I thought the Qs were profitable... Certainly I am not seeing the logic on the Mainline side of getting rid of them with oil above $100.
 
sherpa said:
the regional fleet won't be shrinking though. there will be a new company flying it for cheaper.
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delta owns us now ( not literally) but, I doubt they want to fund is flying planes for other operators.

Q's are gone as fast as they can... Or delta asks for its money back right away. There won't be an AA bid, or a stand alone.
 
Don't be mistaken, delta is financing this because it hurts United. $40 million is a lot to us, but peanuts to delta. By financing this, they've forced united to take a hit to their uax shorts.

Nice move on delta's part.
 
TUCKnTRUCK said:
delta owns us now ( not literally) but, I doubt they want to fund is flying planes for other operators.

Q's are gone as fast as they can... Or delta asks for its money back right away. There won't be an AA bid, or a stand alone.
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It's like being a wholly owned, but worse.
 
flyboywbl said:
Wow, just got done with my GFS session and we were arguing about when this would happen. I hope I can get through training and get some flying under my belt befor I get the axe!
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I wouldn't be surprised if all classes and sims cancel until they figure out how many will be furloughed since it is going to happen
 
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