Pinnacle Asks Judge To OK $52M Deals With Pilots, Delta

Law360, New York (January 3, 2013, 2:21 PM EST) -- Pinnacle Airlines Corp. on Wednesday sought a New York bankruptcy judge’s permission to increase its available financing by $52 million under new agreements with its lender, Delta Air Lines Inc., that it says is crucial to its eventual exit from Chapter 11 bankruptcy.

In a motion before the U.S. Bankruptcy Court for the Southern District of New York, the Memphis, Tenn.-based regional carrier said if the court does not authorize the additional funds, its liquidity will become insufficient by next month.

“Approval of the additional financing...
To view the full article, register now.




Case Information

Case Title

Pinnacle Airlines Corp.

Case Number



New York Southern

Nature of Suit

Date Filed

April 1, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.