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Pinnacle Airlines flies as Delta Connection, and operates 191 regional jets on 1,000 daily flights to more than 100 cities in the United States and Canada.
Pinnacle Airlines said it will plan to fly exclusively for Delta Air Lines once Pinnacle emerges from bankruptcy.
Pinnacle Airlines Corp is the parent company of Pinnacle Airlines Inc and Colgan Air Inc.
Communications services provider Sprint (NYSE:S) said on Wednesday that it has entered into an agreement to provide Pinnacle Airlines with a suite of integrated wireline and wireless solutions.
John Spanjers, president and CEO of Pinnacle Airlines, said that his company's analysis covered everything from the available labor pool and operational alignment to economic incentives in an effort to determine the most feasible option.
Pinnacle Airlines repurchases about 2 million shares.
Seabury Group LLC's consulting division, Barclays Capital and law firm Davis Polk & Wardwell LLP have been appointed by Pinnacle Airlines Corp to assist with the programme of initiatives.
The new Northwest Airlines and Pinnacle Airlines service agreement will go into effect Jan.
Bankrupt US-based carrier Pinnacle Airlines (OTC: PNCLQ) said that an American bankruptcy court has issued a ruling providing Pinnacle Airlines and the Pinnacle Airlines pilot group representatives the Air Line Pilots Association a clear path to a consensual agreement.