Originally Posted by
neville_nobody
A strategy which resulted in the bankruptcy of most regional airlines, new laws passed for minimum experience levels for RPT and a subsequent pilot shortage, with airlines forced to import foreign labour and put passengers on buses. But don’t worry I’m sure those in management who arranged all that still got their bonus.
Slight difference is that in the USA, most “regionals” weren’t wholly owned - they were essentially wet leases. Most of the majors sold them off. A couple were bought back over the years but the leverage came from them being owned by independent companies fighting it out to get the flying contracts. This forced wages down.
Wasn’t it Pinnacle, when they were independently owned, that won a bid for delta flying (?) right after the pilots got a new contract and then filed for chapter 11 so they could revert to the old contract wages so they could continue the flying? Disgusting