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Pinnacle Airlines Corporation

Pinnacle Airlines Corporation
Public
Traded as OTC Pink:
Industry Transportation
Founded 1985
Defunct 2013
Headquarters Memphis, Tennessee
Area served
United States
Key people

Donald J. Breeding (Chairman)
Sean Menke (CEO) & (President)
John Spanjers (Chief Operating Officer)
Peter D. Hunt (CFO)

Airline Services
Revenue US$845 million(2009)
US$80.7 million(2009)
US$41.9 million(2009)
Number of employees
7,700
Subsidiaries Pinnacle Airlines

Donald J. Breeding (Chairman)
Sean Menke (CEO) & (President)
John Spanjers (Chief Operating Officer)
Peter D. Hunt (CFO)

Pinnacle Airlines Corporation was an American holding company headquartered in Memphis, Tennessee, and was the parent company of Pinnacle Airlines and Colgan Air until Colgan was closed down in 2012. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. The company's only surviving airline, Pinnacle, became Endeavor Air.

In the late 1990s, Northwest Airlines owned a subsidiary, Express Airlines I, Inc., that it wanted to break off as a separate entity. Pinnacle Airlines Corporation was created in January 2002 to hold the airline, which would be renamed Pinnacle Airlines, Inc. The changes took place on May 8, 2002. In November 2003, Pinnacle Airlines Corporation became a publicly traded company, using the ticker symbol PNCL on NASDAQ.

In 2007, Pinnacle acquired Colgan Air, which continued to operate independently of Pinnacle Airlines, Inc. The acquisition of Colgan Air was a $20 million strategic move in order to gain access to Colgan’s partners, Continental Airlines, United Airlines and US Airways.


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