Pinnacle could be forced to make HQ decision

Author:: BMTN Staff
Publish date:: Nov 15, 2012

Executives at Pinnacle Airlines Corp. may have to make a decision on whether to shift its corporate headquarters from Memphis to the Twin Cities within the next two weeks. Unless the landlord renegotiates, Finance & Commerce reports Pinnacle must decide by the end of November whether to keep or reject the lease at the Spectrum Commerce Center in Eagan. A Pinnacle spokesman said both Minnesota and Tennessee are offering incentives packages.

The 50,000-sqare-foot Eagan office space was home to Mesaba Airlines before Pinnacle acquired the carrier in July 2010 and moved the operations to Tennessee.

Meawwhile, Pinnacle Airlines has delayed its Chapter 11 bankruptcy reorganization plan after reaching an agreement with Delta Air Lines Inc. until the end of year, Memphis Daily News reports.

Pinnacle, which flies regional jets for Delta Air Lines, filed for Chapter 11 bankruptcy reorganization in April.

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The board of Pinnacle Airlines Inc. is getting an update this week on whether to keep the company based in Memphis compared to moving its headquarters to the Twin Cities or Detroit, The Commercial Appeal reports. "We still have a lot of work to do before a decision is made," spokesman Joe Williams said.

Pinnacle Airlines Corp., which flies regional jets for Delta Air Lines, is still working its way through the bankruptcy process. A spokesman for the Memphis-based regional carrier tells the Pioneer Press the final report is several weeks. Pinnacle is exploring every opportunity to reduce costs, including whether to move its corporate headquarters to the Twin Cities.

The board of directors at Pinnacle Airlines has eliminated Detroit from consideration for its potential new headquarters, the Commercial Appeal reports. The Memphis-based regional carrier is considering whether to move its home office to save money. Minnesota is the only other option still in contention.