Delta CRJ-900 with new Pinnacle livery on the nose.
Pinnacle Airlines emerges from bankruptcy as a Delta subsidiary
- May 1, 2013 - 9:07 PM
Pinnacle Airlines’ long-anticipated emergence from Chapter 11 bankruptcy reorganization became official Wednesday.
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-based Pinnacle has reshaped its workforce, including pay cuts for workers, and its fleet.
“We have come a long way,” newly appointed CEO Ryan Gumm said in a statement Wednesday. “Our employees and our airline weathered difficult changes in order for us to emerge as a competitive regional airline.”
Gumm was named Pinnacle’s senior vice president and chief operating officer in February. He takes the CEO post from retiring Chief Executive John Spanjers, who led the airline through the bankruptcy reorganization.
Gumm was previously executive vice president and chief operating officer of Delta Private Jets. Before that, he was president of Comair, another Delta subsidiary.
Pinnacle is scheduled to move to a new headquarters facility at the southwest corner of Minneapolis-St. Paul International Airport later this month. The office space at the airport is referred to as Building C and is located just off 34th Avenue S. and Interstate 494.
Pinnacle has 4,900 employees and operates 181 jets flying more than 1,000 daily flights to more than 100 cities in the United States and Canada.
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