Form 10-Q/A for PINNACLE AIRLINES CORP RE Colgan Air

[suupah]

The short version is you are either going to be merged into another carrier or shut down in bankruptcy. Colgan is burning through Pinnacles cash way to fast. Which means if Pinnacle can't acquire another profitable carrier to merge Colgan into (Mesaba? Commute Air?, Peidmont?), or sell Colgan, they will park your Saabs and and fold the Q's into Pinnacle. They may need to use the chapter 11 bankruptcy process to park all of the Saabs. There are no new contracts to bid on and there won't be any in the future - the industry is shrinking and trying to shed contracts, codeshares, and aircraft. The only other option is to put Colgan into chapter 7 and shut it down. Since Pinnacle corp totes the notes for the Q's they won't do that unless they have a buyer for the AC prior to the BK. In that case the pilots won't go with the AC.

It is called 'merge or die' and the entire industry is looking down that barrel. A student of airline history would tell you history is repeating itself - again.

thats the picture i am seeing unless something major takes place.

 

[PCL_128]

Yes...sad: National Labor Relations Act (NLRA)

Um, yeah, I think you should read CoATP's post. He gets it. The average pilot is so ignorant of labor law (and politics in general) that he couldn't explain the difference between a gun rights organization and the very labor law that affects his entire career. I could throw in any law or organization in place of "NRA," and the statement remains accurate. Pilots are woefully uninformed on anything related to their careers or how things work in Washington. But if you'd like to have a discussion on the differences between the RLA and the NLRA, then I'm up for it. I just hope you know more than the average pilot, otherwise it will be a very one-sided conversation.

 

[Yodafly]

The information on this board just keeps getting more and more incorrect

Colgan has capacity agreements with all our carriers except us air

yes that means saabs for continental and united too as well as the Q,s

some of our us air flying is subsidized by EAS as well

keep your wishes for other pilots failures to yourself

 

[DoinTime]

The information on this board just keeps getting more and more incorrect

Colgan has capacity agreements with all our carriers except us air

yes that means saabs for continental and united too as well as the Q,s

some of our us air flying is subsidized by EAS as well

keep your wishes for other pilots failures to yourself

Like I said on page one. Reference form 10Q/A page 13 for the exacting details of Colgan's service agreements straight from the mouths of the board of directors. The 15 Q-400s for Continental are the only aircraft operated under a capacity purchase service agreement. It would take more than the losses from the USAir flying to total nearly $5 million/quarter in red ink.

 

[suupah]

The information on this board just keeps getting more and more incorrect

Colgan has capacity agreements with all our carriers except us air

yes that means saabs for continental and united too as well as the Q,s

some of our us air flying is subsidized by EAS as well

keep your wishes for other pilots failures to yourself

skim through pages 11-12 of pncl's 07 financial report

everything with the exception of the Q is pro rated agreements. who told you otherwise?

 

[LanceAir]

I would just like to personally thank the North East Saab guys, (alot now in the Q400), for being so retarded and ignorant of the industry for which we work, that they decided "not" to vote last year.

Because of your willingness to give management a "chance," we have only made progress in losing our work rules, and losing the ability to protect ourselves in times like these.

And not to be out-done by last years buffoonery, these same pilots, who last year didn't understand what the words "scope" and "duty-rigs" meant, now want union representation...but instead of making it easier and safer for everyone involved, they now want to vote in Teamsters and make it nice and complicated when we get into merger talks with PNCL ALPA.

You guys and gals are the best! When Buddy and uncle Phil decide that furloughs out of seniority make more financial sense, don't be surprised if I personally thank you by letting you know youre number 1!

:uzi: :smash: uke: :angryfire

 

[Afraid to Fly]

I would just like to personally thank the North East Saab guys, (alot now in the Q400), for being so retarded and ignorant of the industry for which we work, that they decided "not" to vote last year.

Because of your willingness to give management a "chance," we have only made progress in losing our work rules, and losing the ability to protect ourselves in times like these.

And not to be out-done by last years buffoonery, these same pilots, who last year didn't understand what the words "scope" and "duty-rigs" meant, now want union representation...but instead of making it easier and safer for everyone involved, they now want to vote in Teamsters and make it nice and complicated when we get into merger talks with PNCL ALPA.

You guys and gals are the best! When Buddy and uncle Phil decide that furloughs out of seniority make more financial sense, don't be surprised if I personally thank you by letting you know youre number 1!

:uzi: :smash: uke: :angryfire

Best post ever about Colgan on here. Very well said.

 

[suupah]

Best post ever about Colgan on here. Very well said.

I second that. I can't believe the level of buffoonery of many of the NE pilots. They hate ALPA because of what happened at USairways east.

 

[70-SS]

I second that. I can't believe the level of buffoonery of many of the NE pilots. They hate ALPA because of what happened at USairways east.

I think the boys in ORF were part of the 155 and several of the NE boys were on the OC.

 

[suupah]

I think the boys in ORF were part of the 155 and several of the NE boys were on the OC.

CRW, ORF, BUF, PVD thank you, thank you!

 

[sinkrate]

Perhaps the Colgan pilots will put their emotions and prejudices away and look at this pragmaticly. If your pilot group is merged into another carrier will that carrier be a Teamsters or ALPA property? What does federal labor law say when the two groups have different unions representing them? What is ALPA's merger policy when both carriers are ALPA, What is the Teamsters merger policy? The answers to these questions may have a big impact for all of you. Just an observation.

 

[Godfather]

More thoughts to ponder

The Question is....


Where is ALPA right now in trying to either get Round #2 started up at Colgan or merging both PCL and CJC pilot groups into 1 staple...cough...I mean stable?

Is anyone from the original OC still here and willing to step up and get the ball rolling again if the PCL MEC doesn't come thru in taking the lead this time around in saving the Colgan Pilots after ALPA won the Arbitration ruling a while back? I guess I should ask when and/or if will the 2 groups merge?

IMHO, I think ALPA is taking a wait and see attitude this time around, hoping that the PCL MEC will step in and clean up Its' (ALPA's) mess from Round 1.

I'm sure the Crystal Ball may be a little clouded right now, but what if Uncle Phil does merge CJC into PCL or shuts down CJC or PCL and beats the PCL MEC to the punch in getting this mess straightened out?
Then what?

The dark days have just begun my friends.
The Mayan calender has the world ending in 2012. The beginning of the end in this industry started on 9/11, not last year.

My message is this....Get it right this time.

 

[BirdCatcher]

The information on this board just keeps getting more and more incorrect

Colgan has capacity agreements with all our carriers except us air

yes that means saabs for continental and united too as well as the Q,s

some of our us air flying is subsidized by EAS as well

keep your wishes for other pilots failures to yourself

Maybe try actually researching the info for yourself. You'd see that in PNCL's 10K it cleary states only the Q operation is a capacity purchase agreement. Would you like the link?

 

[BirdCatcher]

IMHO, I think ALPA is taking a wait and see attitude this time around, hoping that the PCL MEC will step in and clean up Its' (ALPA's) mess from Round 1.

You are incorrect, more is going on then you think.