FlyASAGuy2005 From United States of America, joined Sep 2007, 6539 posts, RR: 11 Posted (3 months 3 weeks 21 hours ago) and read 3435 times:
This was actually announced a few weeks ago but didn't see any mention of it here. Former Comair boss (now with Delta Private Jets) Ryan Gumm will take the lead as Pinnacle's operations officer. After they fully emerge from BK he will assume the role of CEO President and CEO. There will also be a couple other Delta people running the company.
In other news, and I wish I could find the thread; I had rightly said that PNCL would relocate to MSP but the idea was shot down. Well, the move will be complete by March of this year. They will be moving into vacant office space in Building C. Sub-leased from non other than Delta.
It's quite clear that some of the assumptions made by posters in the other Pinnacle thread were right. One said that it's most likely Delta behind a lot of what was going on and those not on board or who Delta feel wouldn't be onboard would be offered the door. Pinnacle's CEO leaves then a new guy comes in the clean things up and he abruptly leaves too.
So:
Pinnacle buys out Colgan and Mesaba. Mesaba and Colgan are to merge with the jets going to Pinnacle and all the props operating under Mesaba. In between all this they are awarded an RFP for both Continental and Delta a under now seen, money loosing contract for Q400s and 16 CRJ900s to be based in Atlanta. From the beginning the Q400 contract was revealed to be practically upside down and they were loosing money from the gate. They "outbid" ASA/SkyWest on the 900s. To make the deal sweeter for Delta, they offer to source the frames.
Fast forward...they cannot afford the Qs or the 900s and owe Royal Export over $1B. PNCL releases the Qs back to BBD and UA finds a home by way of RP. They also give up the 16 CR9s (still being released to EV/OO) and DL finds new homes. Most to EV and a few to OO for SLC and MSP flying. Comair also finally meets its fate with all the assets Delta actually intends on keeping being divvied up to G7, OO, and EV. Delta funds the BK to an extent, the MEM HQ closes and will relocate to MSP. Pinnacle will officially become a Delta subsidiary after they emerge from bankruptcy.
CAM2:"Lightning coming out of that one." CAM1: "What?"
PSU.DTW.SCE From United States of America, joined Jan 2002, 6909 posts, RR: 29 Reply 3, posted (3 months 3 weeks 21 hours ago) and read 3219 times:
I somewhat understand the rationale between bringing together Mesaba and Pinnacle, but what on earth did they want with Colgan?
I thought that 9E got the original 16 ATL-based DL CR9 flying as a loss-leader in hopes of getting more large-RJ flying from DL (pre-merger). Prior to that time 9E was flying for NW only.
I remember the whip-saw days. I spent 3 years with XJ about 10 years ago. That was back in the Saab and ARJ days. 9E was the cat's meow at the time, getting the boatloads of CRJ-200s.
Time flies when you are having fun, hard to believe that was 10 years ago for me, yikes.
PHX787 From Japan, joined Mar 2012, 5100 posts, RR: 14 Reply 4, posted (3 months 3 weeks 20 hours ago) and read 3132 times:
Quoting FlyASAGuy2005 (Thread starter): This was actually announced a few weeks ago but didn't see any mention of it here. Former Comair boss (now with Delta Private Jets) Ryan Gumm will take the lead as Pinnacle's operations officer.
Just some background infomation- Delta Private Jets was originally a subsidiary of OH (I think it was called Comair Private Jets; they also operate the FBO at CVG. A nice place!) until they merged the two under one company with two "services." Delta Connection Academy was also under this branch but when DL bought out OH all of these became subsidiaries of DL once OH was fully integrated to DL....then when OH was shut down by DL, Delta Private Jets remained as a subsidiary.
Quoting FlyASAGuy2005 (Thread starter): the MEM HQ closes and will relocate to MSP. Pinnacle will officially become a Delta subsidiary after they emerge from bankruptcy.
ScottB From United States of America, joined Jul 2000, 6373 posts, RR: 34 Reply 5, posted (3 months 3 weeks 19 hours ago) and read 2994 times:
Quoting PHX787 (Reply 4): this will be the death of the MEM hub.
The true end of the MEM hub will be the reduction in the CR2 fleet to 125 aircraft, since there are so few markets from MEM which can support more than one or two daily flights on aircraft with more than 50 seats. The 50-seaters will go/have gone to other markets and the connecting traffic will just shift to other hubs, primarily ATL.
PSU.DTW.SCE From United States of America, joined Jan 2002, 6909 posts, RR: 29 Reply 6, posted (3 months 3 weeks 13 hours ago) and read 2732 times:
Quoting PHX787 (Reply 4): And this will be the death of the MEM hub.
Pinnacle moving headquarter and becoming a subsidary of DL does not directly impact the fate of the MEM operation. A significant amount of the DCI flying at MEM is no longer operated by Pinnacle. There is a lot of Expressjet in MEM.
Quoting ScottB (Reply 5): The true end of the MEM hub will be the reduction in the CR2 fleet to 125 aircraft, since there are so few markets from MEM which can support more than one or two daily flights on aircraft with more than 50 seats. The 50-seaters will go/have gone to other markets and the connecting traffic will just shift to other hubs, primarily ATL.
Exactly.
The fate of the MEM and CVG operations is ultimately due to the network realignment with the reduction in 50 seat RJs.
It is not directly related to the fate of the regional providers.
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