Pinnacle filed motions with the Bankruptcy Court seeking
approval of the various components of the comprehensive
agreements. All of the components of the comprehensive
agreements are interdependent and are subject, among
other things, to Court approval.
"The agreements we have reached represent a significant
milestone in Pinnacle's restructuring and provide a
clear and achievable path toward emergence from Chapter
11," said John Spanjers, president and CEO of Pinnacle
Airlines Corp. "Pinnacle will be well positioned to
emerge from the bankruptcy process with a viable
business plan that provides meaningful opportunities for
our employees. We are confident that Delta will continue
to be a strong partner and we look forward to working
closely together to provide outstanding service and
operating a safe, reliable airline. We also thank our
partners, employees and other stakeholders who have
helped us achieve this significant progress in our
reorganization."
About Pinnacle Airlines Corp. is an airline holding
company with 5,100 employees, is the parent company
of Pinnacle Airlines, Inc. Flying as Delta
Connection, Pinnacle Airlines, Inc. operates 191
regional jets on 1,000 daily flights more than 100
cities in the United States and Canada. Corporate
offices are located in Memphis, Tenn., and hub
operations are located in Atlanta, Cincinnati,
Detroit, Memphis, Minneapolis and New York.
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