Jetride/Pinnacle Deal Postponed

[starcheckdriver]

Just got an e-mail stating the JetRide and Pinnacle deal has been delayed for 2-3 weeks. This is quite surprising. A few days ago, everything was on track for a September 1 closing. Kind of a bummer to have to keep waiting.

PS -- The original Pinnacle thread was getting long so I made this new one.

 

[Princedietrich]

Doesn't suprise me. The last time a big corporate sale was going to go through with Airnet/Jetride, it fell through at the last minute.

 

[starcheckdriver]

Doesn't suprise me. The last time a big corporate sale was going to go through with Airnet/Jetride, it fell through at the last minute.

I think this is essentially a done deal. I don't think it will fall through. It just sounds like there are legal issues putting it in a holding pattern.

 

[DAS at 10/250]

Will Pinnacles dispatch NOT change over to CMH on the first then?

I was last told that 1 SEP 06 we started taking orders from up north.

 

[Lone Star 31a]

Wow. On again. Off again. This merger is getting rediculous.

 

[JJET44]

Just got an email from PCL HR department saying that JR's health bennies will still change over to theirs tomorrow so this thing is still on for now!

 

[starcheckdriver]

Just got an email from PCL HR department saying that JR's health bennies will still change over to theirs tomorrow so this thing is still on for now!

Yeah, I thought this was weird. Jetride pilots will remain Airnet employees until closing, but will be on Pinnacle's health benefits. How is that even legal?