US regional Pinnacle faces financial difficulties, seeks to rework contracts

Posted 09/12/2011

Pinnacle Airlines Corp., the Memphis-based parent of regionals Pinnacle Airlines, Colgan Air and Mesaba Aviation, said Thursday it has serious financial issues it must address and will initiate a "comprehensive program to reduce short- and long-term costs and enhance liquidity."

Originally published 8 Dec 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/IcJV9nT0y40/us-regional-pinnacle-faces-financial-difficulties-seeks-rework-contracts-1

Comments not enabled