Pinnacle about to get bought?

[Captain X]

At a recent national aviation conference in DC it was speculated that Pinnacle Airlines is a prime target to be bought.

Anybody have an idea how many pilots are at Pinnacle?

Only CL-65s now? ALL the TPs are gone, right?

Any 70-seater's on Pinnacle's Horizon?

 

[dondk]

Bought? I doubt it... NWA wants something like $450 million (they bought us for 4.5 million a few years back (my numbers may be slightly off))

NWA is considering putting us public and has stated so many times.

Currently all CL-65 fleet, about 70 on the property now with another 59 by the end of '05

just shy of 700 pilots with about another 500 to come by the end of '05

If there are 70 seaters, no one is saying so.. Some diehard believers "think" we will get some, but that some may only be a handful. NWA has to loosen the scope before it will even be considered...

 

[JJJ]

It could be true, but not in the sense that nost people would think. Right now we are owned completely by NWA. The have file and revised and IPO several times. It is their intention to take Pinnacle public. When the do that we will be sold in small portions to lots of people. I don't think we would be sold to another airline.

I think it will be more like Express Jet, and not like Reno or Morris.

 

[acaTerry]

I saw a CRJ with a "YV" tail number. It was white with a red tail on it, kind of like it was hastily painted over.
It was in the hangar in PHX and was draped around with plastic.
Heard it from a senior training Captain who was jumpseating on his way to bandcamp with a couple stockholders.

Love this stuff!

 

[justmeinmsp]

I like this place so much that I made NW an offer on it last week, no reply as of yet.

 

[dondk]

I saw a CRJ with a "YV" tail number. It was white with a red tail on it, kind of like it was hastily painted over.
It was in the hangar in PHX and was draped around with plastic.
Heard it from a senior training Captain who was jumpseating on his way to bandcamp with a couple stockholders.

Love this stuff!

Good bait... I always thought Mesa jets tail numbers ended either in MJ or were just numbers. I know some of the 1900's and some DHC-8's had YV but never seen a jet with YV. Then again, I have never been into the mountain time zone and I doubt I ever will with Pinnacle.

 

[acaTerry]

Ah, I don't know the tail numbers for certain, but I just couldn't resist!

 

[cl-65link]

RE: tail #'s at Pinnacle. The first number is the NW World Flight number(8), the next three is the Bombardier production number(eg: 390), the 390th CRJ made at the factory, and they all end with a letter. I don't think there is any significance to the end letter.

 

[efiscompmon]

The letter is the first available in the FAA registration database for the preceeding numbers. eg. N8390A (the spirit of orange mound)--first, and N8410F--sixth.

 

[the turtle]

you may have seen a Kendal Airlines CRJ from Australia...we've taken quite a few of them...they were white...and it's being repainted in U colors. We've flow a bunch around the U system in white with a U colored tail, until the full paint job could be applied.

 

[DoinTime]

N8390A (the spirit of orange mound)

Orange Mound needs some spirit. I guess rampant gang vilolence, out of control crime, and extream poverty is its own form of spirit but those qualities don't really set it apart from any other part of Memphis.

 

[surplus1]

Didn't NWA recently use the value of Pinnacel to back its own underfunded pension fund? On that basis, who would want it?

 

[erika]

Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

 

[DoinTime]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

Soon after GIA will leverage a buyout for a controlling position of the new CoEx/Pinnacle. The right seat of 200+ RJ's will go on sale for $100/hour for aspiring airline pilots. With the annual block time that this Mega-Regional will produce their entire loan required for the purchase will be paid for in under three years. GIA executives are also so confident that they will be able to undercut all other competition (even low-ball artists Mesa Airlines) that will progressively absorb all remaining regional traffic flying the United States over the next five years.

I can't wait to get on board!!! Think of all the growth!

 

[amcnd]

Does COEX have that kind of money floating around to buy another regional?

 

[T-Gates]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

ummmmmm.........anybody up for a snowball fight in hell?

I think we may just have one.....

 

[justmeinmsp]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

How did you know so soon?

 

[George Jetson]

Believe it or not...

ExpressJet Holdings, Inc. DID make an offer on Pinnacle Airlines to NWA. The offer was made in stock, not cash. It has a very slim chance of success, according to our VP of Flight Ops. While NWA wants to take PCL public, the capital markets/Wall Street thinks otherwise and as such, NWA's bankers came to XJT and asked them to make an offer. An offer was made...but nothing has been made public yet. This is real - very real. Discuss amongst yourselves.

GJ

PS - A company doesn't need cash to buy another company. Leveraged buyouts and stock swaps happen all the time.

 

[Heavy Set]

Sounds like Expressjet wants to reduce the risk associated with being aligned to just one airline - Continental... Looks like more consolidation could be on the way................... Watch out Mesa!!!!!