Pinnacle To Emerge From Bankruptcy As A Unit Of Delta Airlines | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.28.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.28.15

Airborne 05.22.15

 

Sat, Apr 20, 2013

Pinnacle To Emerge From Bankruptcy As A Unit Of Delta Airlines

Move Streamlines The Regional Carrier's Operations And Costs

Pinnacle Airlines expects it will have emerged from bankruptcy by May 1, and when it does, it will be a unit of Delta Airlines.

Under the agreement, Pinnacle will phase out its smaller airplanes and nearly double the number of larger planes it flies for Delta. It will also cut the number of routes it flies for the legacy carrier, retaining only those that are most profitable.

In return, Delta will waive fees the regional carrier would normally have to pay to return the smaller airplanes to the larger airline.

Dow Jones Newswires reports that Delta will also place $2.25 million in a trust to pay Pinnacle's unsecured creditors and unions. That money will be distributed when the claims are finalized.

Pinnacle used the bankruptcy to negotiate new deals with its unions that led to deep concessions from the labor groups. While it had flown in the livery of several different airlines, it now has Delta as its only client.

Pinnacle filed for Chapter 11 Bankruptcy last April. It recently announced that it would be moving its headquarters from Memphis, TN to Minneapolis, MN.

FMI: www.mesaba.com

Advertisement

More News

Airborne 05.28.15: LA Heli Noise, Another NIMBY Case Defeated, GoodBye VOR/NDB

Also: Gone West: Tuskegee Airman LtC Mosley, Union Warned, E-4B Returns, All-Female UAL Crew, Malaysia Woes, Luke's 56th FW Last week, the FAA released a document stating that sign>[...]

AeroSports Update: BASE Jumpers Want Jumping Rights In National Parks

A Petition Has Been Posted To Remove BASE Jumping From U.S. National Park Aerial Delivery Law BASE jumping certainly falls into the category of extreme sports. Base jumping activis>[...]

AD: Slingsby Aviation Ltd. Airplanes

AD NUMBER: 015-11-01 PRODUCT: Slingsby Aviation Ltd. Models T67M260 and T67M260-T3A airplanes.>[...]

AD: International Aero Engines AG Turbofan Engines

AD NUMBER: 2015-10-04 PRODUCT: All International Aero Engines AG (IAE) V2500-A1, V2525-D5, and V2528-D5 turbofan engines, and certain serial numbers (S/Ns) of IAE V2522-A5, V2524-A>[...]

ANN's Daily Aero-Linx (05.29.15)

The North American Trainer Association (NATA) This is an independent, non-profit corporation dedicated to the restoration and safe flying of North American Trainers such as the AT->[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC