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Pinnacle Airlines Emerges from Bankruptcy as a Delta Subsidiary

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Pinnacle Airlines’ long-anticipated emergence from chapter 11 bankruptcy reorganization became official yesterday, according to the Minneapolis Star Tribune. The carrier, soon to be based in the Twin Cities, is now a subsidiary of Delta Air Lines. Since its bankruptcy filing 13 months ago, Memphis, Tenn.-based Pinnacle has reshaped its workforce, including pay cuts for workers, and its fleet. Pinnacle is scheduled to move to a new headquarters facility at the southwest corner of Minneapolis-St. Paul International Airport later this month. Pinnacle has 4,900 employees and operates 181 jets flying more than 1,000 daily flights to more than 100 cities in the U.S. and Canada.

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