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Little Logan impact seen from Pinnacle bankruptcy filing

Posted by Paul Makishima, Globe Assistant Sunday Editor  April 5, 2012 09:58 AM

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Delta Connection and United Express customers at Logan International Airport will likely see little immediate impact from the bankruptcy filing of Pinnacle Airlines Corp., which operates the regional services for the major carriers in Boston.

Delta Air Lines has a total of 2,044 monthly departures from Logan. Of those, 685 are operated by Delta Connection carriers, which include Pinnacle, ASA, Comair, and Chautauqua, with 167 flown by Pinnacle.

Memphis-based Pinnacle has received $74 million in support from Delta Air Lines. That includes a $30 million loan to help keep operations running smoothly while it reorganizes and $44 million in loan forgiveness

Pinnacle expects to continue its relationship with Delta, which represents about 80 percent of its business. Trebor Banstetter, a spokesman for Atlanta-based Delta, said that the carrier would continue to support Pinnacle during its restructuring and "work closely with them to ensure there's no impact to our customers.''

Through its Colgan Air unit, Pinnacle operates about two United Express flights per day on weekends between Logan and Newark Liberty International Airport in New Jersey, according to Mike Trevino, a United spokesman.

Pinnacle says that it will begin halting some United flights in May and the airline plans to wind down its United Express service by Nov. 30.

Joe Williams, a Pinnacle spokesman, said, "Colgan's flying for United Express flights will be transitioned to other carriers and we will continue to work hard to accommodate our customers. Contingency plans are in place and any customer whose reservation might change as a result of the transition will be contacted.''

Pinnacle filed for bankruptcy protection Sunday. In its Chapter 11 filing, the carrier listed $1.42 billion in debt and $1.54 billion in assets.


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