MEMPHIS, Tenn., Feb. 17, 2011 /PRNewswire/ -- Pinnacle Airlines Corp. (Nasdaq: PNCL) has announced that its pilots have ratified a collective bargaining agreement with the Air Line Pilots Association, International (ALPA). The single contract covers pilots at all three of Pinnacle's operating subsidiaries – Pinnacle Airlines, Inc.; Mesaba Aviation, Inc.; and Colgan Air, Inc.
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The single contract completes negotiations that were under way at Pinnacle and Colgan prior to Pinnacle's acquisition of Mesaba on July 1, and provides a new contract for pilots at Mesaba that would supersede their present contract. Pinnacle has 1,305 pilots, Mesaba has 1,080 and Colgan has 541.
"I am extremely pleased that our pilots ratified the agreement with ALPA for a strong contract that brings together the pilots of Pinnacle, Mesaba and Colgan," said Philip H. Trenary, President and CEO of Pinnacle Airlines Corp. "The new contract provides for competitive compensation for our pilots and will help ensure that we maintain our place as a leader within the regional industry."
The five-year agreement provides improved salary and benefits, which will result in a substantial increase in compensation for the majority of the pilots. The majority of the new terms will go into effect March 1, 2011.
About Pinnacle Airlines Corp.
Pinnacle Airlines Corp. (Nasdaq: PNCL), a $1 billion airline holding company with 7,700 employees, is the parent company of Pinnacle Airlines, Inc.; Mesaba Aviation, Inc.; and Colgan Air, Inc. Flying as Delta Connection, United Express and US Airways Express, Pinnacle Airlines Corp. operating subsidiaries operate 202 regional jets and 83 turboprops on more than 1,500 daily flights to 196 cities and towns in the United States, Canada, Mexico and Belize. Corporate offices are located in Memphis, Tenn., and hub operations are located at 11 major U.S. airports. Visit www.pncl.com for more information.
Contact: |
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Joe Williams |
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901-346-6162 |
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SOURCE Pinnacle Airlines Corp.
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