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Pinnacle Airlines Files for Chapter 11 Bankruptcy Protection
MEMPHIS, Tenn., April 1, 2012—Pinnacle Airlines Corp. (NASDAQ: PNCL) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). Pinnacle intends to use the Chapter 11 process to continue implementing a comprehensive turnaround plan aimed at addressing its operational and financial challenges in a rapidly evolving regional… (www.pinnaclerestructuring.com) Más...Obama should be saving airlines not solar power
Save them from what? Themselves?
As an employee of Pinnacle, I feel they have a strategy that is going to work out and Pinnacle will be back better and stronger than before.
What flavor was the Kool Aid?
No Tea.. I prefer Lipton Tea :) ... Amazing DashTrash should respond to me... I used to work on Dash Trash... The Dash 8's that is :)
I hope you're right, Sparkie. I've been through a couple of bankruptcies while flying the Trash. The common denominator is management ran the company into the ground and now wants your money to fix it. In return we'll give you lip service and raise our compensation because of the awesome job we're doing fixing the mess we made (I know previous mgmt caused the mess in the case).
Best of luck to you, Brother. I hope it turns out well.
Best of luck to you, Brother. I hope it turns out well.
Sounds like a familiar story... Who do you fly for USAir/Piedmont?
You got it.
Used to fly for them. I bailed for greener pastures which turned out to be filled with cow piles.
LOL, I did the same, now I am with Pinnacle in Maint Control. Working maint control on CRJ's now. We may have talked at Piedmont and never known it.
"Working maint control" does not help your "they have a strategy that is going to work out and Pinnacle will be back better and stronger than before" message.
Their strategy is to cut pay, cut insurance, cut anything they can...then give themselves a bonus.
Like dash said...management drove it into the ground and wants your money to fix it, and once it is fixed who gets a raise? Not you.
Their strategy is to cut pay, cut insurance, cut anything they can...then give themselves a bonus.
Like dash said...management drove it into the ground and wants your money to fix it, and once it is fixed who gets a raise? Not you.
And yes, I missed my connecting flight...