Turtlesfly
Need a room check?
- Joined
- Aug 16, 2003
- Posts
- 678
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Simply incorrect. Continental didn't sign with Colgan, it signed with Pinnacle airlines.ummmm....Continental purchased the aircraft, not Colgan or Pinnacle
"Continental will purchase all Q400 capacity at predetermined rates and
industry standard pass-through costs. Fuel will be purchased directly by
Continental and provided to Colgan at no cost."
Straight from Yahoo finance! ...Great job Colgan pilots!! All our sweat and hard work have been noticed. It is nice that Continental wants us to fly the plane for them.
ummmm....Continental purchased the aircraft, not Colgan or Pinnacle
"Continental will purchase all Q400 capacity at predetermined rates and
industry standard pass-through costs. Fuel will be purchased directly by
Continental and provided to Colgan at no cost."
Straight from Yahoo finance! ...Great job Colgan pilots!! All our sweat and hard work have been noticed. It is nice that Continental wants us to fly the plane for them.
I am quitting I am sick of this crap.
Simply incorrect. Continental didn't sign with Colgan, it signed with Pinnacle airlines.
PINNACLE AIRLINES has purchased these aircraft, not Continental or Colgan.
Continental has purchased the CAPACITY, and the capacity ONLY.
Check with Reuters for the SEC filing this morning, it's all in there.
What that means is that Continental has purchased the rights to place whoever THEY want in those seats, no one else can sell tickets for them. For that privilege, they agree to pay a set cost per seat per mile (or departure, depends how they have it set up).
If they fill the seats, they make money. If they don't, they lose money. Pinnacle wins either way because PINNACLE OWNS AND OPERATES THE AIRCRAFT and gets paid EITHER WAY.
You might want to check your sources - often newspapers get it wrong or skew things when they're first released. The SEC filings always have the hard raw data in them and are the best source of info.