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Originally Posted by SmitteyB  Pinnacle bought those Q400's with the money they got back from NWA.
What did/and should burn the Pinnacle Pilots is the deal for the Q's was like $250 million for the airplanes...weren't the two groups (PNCL ALPA and PNCL MGT) like $50 million apart for the LIFE of the contract? |
Correct on both counts. This is what we heard in the span of a month "There's no money for the pilots to get a raise." "We're gonna lose the contract with NWA if you don't sign this deal." "We can't get more flying with another carrier if you don't sign this." Within the next TWO WEEKS, there was a brand new long term agreement with NWA. Not long after that, they took the $$$ from NWA and acquired Colgan. Then they sold off some more shares from NWA and bought the Q400s. Then, they bought the -900s and disclosed the Delta deal. All, curiously, without us signing a concessionary contract. Oh, they'll tell you their deal wasn't concessionary. They'll even toss out "industry average." But the fact is, if we had signed that deal, pilots would be bringing home LESS money at the end of the day than they are now thanks to work rules and increased insurance premiums.
We've heard the sky is falling too many times from management over here, only to see 3 times the money it would have cost to settle a deal spent on something else.