PINNACLE RESTRUCTURING INFORMATION
On April 1, 2012, Pinnacle Airlines Corp. announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
Pinnacle intends to use the Chapter 11 process to continue implementing a comprehensive turnaround plan aimed at addressing its operational and financial challenges in a rapidly evolving regional airline industry. We believe this is the best way to restore Pinnacle to a position of stability and strength and reach a satisfactory resolution with all of our stakeholders.
During this process, the Company will remain focused on providing passengers with safe, reliable and timely service.
In addition to the information on our restructuring website, court filings and claims information may be found by visiting http://dm.epiq11.com/PinnacleAirlines.