Pinnacle Airlines Corp. (PNCL) Files for Chapter 11 Bankruptcy

August 2, 2012 9:31 AM EDT Send to a Friend
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Pinnacle Airlines Corp. (Nasdaq: PNCL) reports that it and its subsidiaries have filed for Chapter 11 Bankruptcy. Pinnacle faces financial challenges as a regional airline in an ever evolving and competitive space. According to reports, the company plans to use the Chapter 11 process to implement a turnaround plan.


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