pinnacle sells NW claim for 283 million

[suupah]

http://yahoo.reuters.com/news/artic...-01-29_22-26-01_WEN3014&type=comktNews&rpc=44

what does that mean?

 

[CoATP]

9E can buy another airline ... oops it already has done that with some spare change left over that they cannot afford to give retro to pilots for the previous two years of a crappy pay package.

 

[redflyer65]

Yea, they sold their claim for an immediate cash position to buy Colgan. They still have well over 100 million in the bank, but for some reason don't want to discuss it with the pilot group.

Pay no attention to the man behind the red curtain!

Oh, and by the way we are still broke.

 

[willbob]

Yea, they sold their claim for an immediate cash position to buy Colgan. They still have well over 100 million in the bank, but for some reason don't want to discuss it with the pilot group.

Pay no attention to the man behind the red curtain!

Oh, and by the way we are still broke.

100 Mil in the bank? I hear that MAIR is going to become your new holding company-at least until they can suck up your money

 

[Ben Dover]

...never mind

 

[redflyer65]

MAIR? We don't need them, we already have Pinnacle CORP.
What a sham. Can't wait to see what we pay for "consulting" fees. I guess the sky is the limit.

 

[Justino2]

What does this mean for us?

 

[n32jk]

What does this mean for us?

I answered that one 2 weeks ago....your screwed

 

[TAWS]

what is the one thing that'll get their attention?

Fuel burn - right now, you guys should be doing your best to send a message - just a thought.

 

[kmox29]

what is the one thing that'll get their attention?

Fuel burn - right now, you guys should be doing your best to send a message - just a thought.

Ahh yes. The "fly slow, burn more fuel, fly exactly by the book, taxi at recommended speeds, write up anything you can find" method of showing your displeasure. Never works.

The company will continue to fcuk you guys and you'll have to grieve it. Meanwhile, YOU will have to maintain the status quo and make sure nothing deviates from the norm as you would be hauled into court and fined. All this while giving them a reduced labor price through an already expired pilot contract.

Railway Labor Act...gotta love it.