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8-K
PINNACLE AIRLINES CORP filed this Form 8-K on 03/16/07
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 15, 2007
 
PINNACLE AIRLINES CORP.
 
(Exact Name of Registrant as Specified in Charter)
(PINNACLE LOGO)
 
         
(State or other jurisdiction   (Commission   (I. R. S. Employer
of incorporation or organization)   File Number)   Identification No.)
Delaware   001-31898   03-0376558
 
     
(Address of principal executive offices)   (Zip Code)
1689 Nonconnah Blvd, Suite 111 Memphis, TN   38132
 
Registrant’s telephone number, including area code
(901) 348-4100
 
(Former name or former address, if changed since last report.)
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 1.01 Entry into a Material Definitive Agreement
On March 15, 2007, Bomardier Aerospace issued a press release announcing the order of 15 Bombardier Q400 aircraft by Pinnacle Airlines Corp. (“Pinnacle”). These aircraft will be operated by Colgan Air, Inc. (“Colgan”), a wholly owned subsidiary of Pinnacle. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
     (c)     Exhibits:
     
Exhibit    
Number   Description
 
   
99.1
  Press release issued by Bombardier Aerospace dated March 15, 2007

 


 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  PINNACLE AIRLINES CORP.
(Registrant)
 
 
  By:   /s/ Peter D. Hunt    
  Peter D. Hunt   
  Vice President and Chief Financial Officer   
 
March 16, 2007

 


 

INDEX TO EXHIBITS
     
Exhibit    
Number   Description
 
   
99.1
  Press release issued by Bombardier Aerospace dated March 15, 2007

 

 

Exhibit 99.1
PINNACLE AIRLINES CORP. PLACES FIRM ORDER FOR 15 BOMBARDIER Q400 AIRLINERS
  Aircraft will be operated by Colgan Air for Continental Airlines
Toronto, March 15, 2007 — Bombardier Aerospace announced today that Pinnacle Airlines Corp. of Memphis, Tenn. has signed a contract to acquire 15 Bombardier Q400 74-seat turboprop airliners. The transaction also includes conditional orders for another 10 Q400 aircraft and options on an additional 20.
The value of the 15 firm ordered aircraft, based on the list price of the Q400 aircraft, is approximately $381 million US. The value could rise to $1.2 billion US if all conditional orders and options are exercised.
Pinnacle Airlines Corp. will assign the 15 aircraft to its wholly owned subsidiary Colgan Air, Inc. which will operate the aircraft under the Continental Connection banner primarily from the Continental Airlines hub at Newark Liberty International Airport, New Jersey.
The transaction announced today increases firm orders for the Q400 aircraft to 215. More than 140 Q400 aircraft have been delivered to 18 operators in Africa, the Asia-Pacific region, Europe, the Middle East and North America. Four additional customers — Frontier Airlines of Denver, USA, Luxair of the Grand Duchy of Luxembourg, Sky Work Airlines of Switzerland, and Tassili Airlines in Algeria — have Q400 aircraft on order.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
Bombardier and Q400 are trademarks of Bombardier Inc. or its subsidiaries.
Note to Editors
Images of Bombardier Q400 aircraft are available in our website Multimedia Library at: www.aero.bombardier.com/htmen/F14.jsp.
For information
Marc Holloran
Bombardier Aerospace
(416) 375-3030
www.bombardier.com

 

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