Pinnacle Airlines filed for Chapter 11 bankruptcy protection April 1 and has 90 days to win court confirmation of a plan of reorganization that is “reasonably acceptable” to Delta Air Lines. In fact, Memphis, Tenn.-based Pinnacle has to answer a lot to Delta, which is providing the U.S. regional carrier with $74.3 million in debtor-in-possession financing. Delta also agreed to convert the DIP into a five-year exit term loan when the airline is ready to emerge from Chapter 11, “providing ...


You must be a paid subscriber to access "Pinnacle Must Satisfy Delta With Chapter 11 Plans—And Soon".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.