Reaches Comprehensive Agreements To Provide a Viable Cost Structure and Path Out of Chapter 11
Pinnacle Airlines Corp. and its wholly owned subsidiaries have entered into comprehensive agreements that, among other things, provide a path forward for the Company to emerge from bankruptcy with a competitive cost structure and a viable long-term business plan, the company said Thursday. Under Pinnacle's new business plan, the Company will transition its fleet to operate a fleet of 81 two-class regional jets for Delta Air Lines Inc.