PCL Pilots Respond to Section 1113 Bankruptcy Filing Pinnacle MEC
chairman Capt. Tom Wychor recently released the following statement regarding
the Section 1113 filing by Pinnacle Corporation:
“Late last (Thursday) night Pinnacle filed a motion in the
U.S. Bankruptcy Court for the Southern District of New York to reject the
pilots’ collective bargaining agreement. While this filing was expected, we do
not think that it was necessary for Pinnacle to take this step so shortly after
contract negotiations resumed. We believe the filing is an ill-advised
distraction from the real work of negotiating a consensual agreement that
maintains industry standard pay, work rules, and benefits and can garner pilot
support to help Pinnacle move through this difficult period.
“We acknowledge that concessions are necessary to
allow Pinnacle to successfully reorganize. The extraordinary level of
concessions sought by Pinnacle, however, would set a new floor for pilot
contracts within the regional airline industry. The bottom line is this: in the
five months since company executives filed for bankruptcy, they have not been
able to justify the level of concessions they are seeking.
“Rather than solving its
problems, Pinnacle executives are attempting to use the bankruptcy process to
gain an overwhelming and unfair competitive advantage in the industry. We firmly
believe that if the bankruptcy court allows Pinnacle to implement the steep
reductions in our wages, work rules, and benefits that it is proposing, the cost
of pilot attrition and inability to hire new pilots in the future would vastly
outweigh the assumed short-term benefits of the imposed cuts.
“We encourage our management to bring to the
bargaining table the same energy they have used to run to the courtroom. We must
find enough common ground to form the basis for a new agreement, one that
provides a future for both Pinnacle Airlines and its pilots.” |