Yes but all of the pilots could get together, pool their money,
another option is the pilots start buying all the voting stock of an airline get a sizable portion and then elect pilots to the board that would work to convert the airline to the perfect airline.
It's been tried over at UAL, they called it ESOP, shoulda called it cornholing.Yes but all of the pilots could get together, pool their money, and start a perfect airline. Now you might have to hire someone with experience outside the cockpit that would respected by Wall Street and the Bankers, but the pilots could run the airline through this person by being on the board of directors.
Or another option is the pilots start buying all the voting stock of an airline get a sizable portion and then elect pilots to the board that would work to convert the airline to the perfect airline.
Wrong Wrong Wrong......It was whipsaw!!!!!!! Damn that whipsaw!!!!!!One of many answers for why ESOP failed is that after acquiring a majority of the stock, the employees were still grossly underrepresented on the board of directors. Combine that with the corporate environment of the immediate post-9/11 panic and the fact that being the majority owners of a bankrupt company is worth exactly nothing.
Personally, I see Delta starting up their own regional fleet here in a few years. They are keeping Comair's certificate active in order to do so. First Comair, next Pinnacle. I see an announcement coming out the next couple months about Pinnacle and the beginning of their closure as well. Hate to see that happen but very possible in my opinion.
Delta bean counters have quite a bit on the chopping block. Just today they pulled the contract for Regional Elite and issued the RFP for their handling. Regional Elite is closing up shop obviously. A lot of former Comair ground personnel went there and now they are going to be out of a job. Pinnacle lookout. I think you are next on the chopping block.