Pinnacle Gets 90 More Days To File Chapter 11 Plan

Law360, New York (January 14, 2013, 6:23 PM EST) -- A New York bankruptcy judge on Monday gave Pinnacle Airlines Corp. an extra 90 days to file a Chapter 11 reorganization plan following "intense" negotiations with a pilot union and a fast-approaching Jan. 25 deadline to finalize deals with pilots and creditors.

U.S. Bankruptcy Judge Robert E. Gerber approved the Memphis, Tenn.-based regional carrier’s request, which drew no objections. The airline’s exclusivity period to file its proposed plan now expires April 25, and competing plans won't be accepted before June 25.

The judge previously extended Pinnacle's...
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