Tue, Nov 20, 2012
Court Issues Section 1113 Decision Regarding Pilot Cost Savings
Pinnacle Airlines said late last week that, in accordance with Section 1113 of the United States Bankruptcy Code, the United States Bankruptcy Court for the Southern District of New York has issued a ruling providing Pinnacle Airlines and the Air Line Pilots Association (ALPA), the legal representative of the Pinnacle Airlines pilot group, a clear path to a consensual agreement.
The Court noted three "very limited exceptions" that prevented it from granting Pinnacle's motion at this time, characterizing them as "relatively easy to fix." The court concluded that significant modifications to the CBA are needed.
"(The) ruling gives Pinnacle a brief opportunity to reach an agreement that will provide the savings we need," said John Spanjers, president and CEO of Pinnacle Airlines Corp. "Although the Court did not approve our proposed modifications in full, the Court gave the parties a clear road map to arrive at cost savings necessary for Pinnacle to emerge from bankruptcy as a viable, competitive company. We are hopeful that the Court's decision will facilitate a consensual resolution, and we will continue to devote every effort to that goal. Pinnacle continues to face severe financial challenges requiring urgent cost savings, but we now believe there is a path to achieving a competitive cost structure necessary to survive in our challenging industry."
"(The) successful launch of the NROL-39 mission is a testament to the tremendous government-industry partnership. We greatly appreciate the teamwork with the NRO Office of Space La>[...]
Lost Communications Loss of the ability to communicate by radio. Aircraft are sometimes referred to as NORDO (No Radio). Standard pilot procedures are specified in 14 CFR Part 91. >[...]
Aero Linx: The Story Of World War 1 Aviation The Spark That Set the World Aflame: The assassination of Archduke Francis Ferdinand, heir to throne of Austria-Hungary, and his wife i>[...]
A Powerful New Tool For You To Use For Your Aero-Conversations Want to start a conversation about a story you've seen on Aero-News? It's even easier with Disqus, a powerful, web-ba>[...]
NROL-39 Mission Boosted From Vandenberg AFB Thursday Night A United Launch Alliance (ULA) Atlas V rocket carrying a payload for the National Reconnaissance Office (NRO) lifted off >[...]