Saturday, December 18, 2010

Pinnacle, Colgan, Mesaba Airlines, ALPA Reach Tentative Agreement






MEMPHIS, TN--(Marketwire - December 17, 2010) - Pinnacle Airlines Corp. (NASDAQ: PNCL) has announced that a tentative agreement has been reached with the Air Line Pilots Association, International (ALPA) on a single contract covering pilots at all three of Pinnacle's operating subsidiaries -- Pinnacle Airlines, Inc., Colgan Air, Inc. and Mesaba Aviation, Inc.
The single contract, if pilots vote to approve the tentative agreement, would complete negotiations that were underway at Pinnacle and Colgan prior to Pinnacle's acquisition of Mesaba on July 1, and provide a new contract for pilots at Mesaba that would supersede their present contract. Pinnacle has 1,289 pilots, Colgan has 540, and Mesaba has 940.
"Our Pilots have helped make us a force in the industry, and this agreement provides well deserved pay increases in the midst of a rapidly changing industry. I have confidence in our Pilot group and its leadership," said Philip H. Trenary, President and CEO of Pinnacle Airlines Corp. "As we have said all along, we have the best Pilots in the industry and they deserve a new contract. We look forward to continuing the operational excellence we have achieved together."
About Pinnacle Airlines Corp.
Pinnacle Airlines Corp. (NASDAQ: PNCL), an airline holding company, is the parent company of Pinnacle Airlines, Inc.; Colgan Air, Inc.; and Mesaba Aviation, Inc. Pinnacle Airlines, Inc. operates a fleet of 142 regional jets as Delta Connection in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands. Colgan Air, Inc. operates a fleet of 52 regional turboprops as Continental Connection, United Express and US Airways Express in the eastern United States and Canada, Texas and Louisiana. Mesaba Aviation, Inc. operates a fleet of 60 regional jets and 30 jet-prop aircraft as Delta Connection in the United States and Canada. Pinnacle Airlines Corp. operating subsidiaries fly 282 aircraft on more than 1,650 daily flights to 182 cities and towns in North America. The corporate headquarters is located in Memphis, Tenn. Airport hub operations are located in Atlanta, Boston, Detroit, Newark, Washington Dulles, Houston, Memphis, Minneapolis and Salt Lake City.

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