Company Watch - Northwest Airlines.Dec 31, 2006 Northwest Airlines reached an agreement with Pinnacle Airlines 9e redirects here. For the arrondissement in Paris, see IXe arrondissement. Pinnacle Airlines (NASDAQ: PNCL) (formerly Express Airlines I) is an American regional airline based in Memphis, Tennessee, USA, operating all of its flights under the name that opens the door for the regional to operate larger jets and seek additional business partners. Until now, Pinnacle has had an exclusive agreement with NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer that prohibited the Memphis-based regional from working with other carriers or operating aircraft with more than 50 seats. Dec 26, 2006 The new Northwest Airlines and Pinnacle Airlines service agreement will go into effect Jan. 1. It stipulates that Pinnacle will receive an unsecured claim of $337.5 million as part of NWA's bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party that settles all claims it may have against its mainline partner. It will continue to operate its 124 50-seat CRJs, along with 15 CRJs previously removed as part of NWA's restructuring, plus two additional CRJs. The first three of the additional aircraft will join the fleet next month, Reed said. Dec 26, 2006 Northwest Airlines issued a filing to the US Securities and Exchange Commission saying it expects to report a $230-$270 million pre-tax profit in 2006 excluding reorganization and unusual items. The pool available under its profit-sharing plan Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". will be $23-$27 million. Dec 22, 2006 Northwest in talks to acquire Mesaba Airlines Mesaba Airlines is an American regional airline based in Eagan, Minnesota. The airline operates under Mesaba Aviation, Inc. a wholly owned subsidiary of Northwest Airlines. All of its flights are operated under the name Northwest Airlink for Northwest Airlines. . A spokesperson for MAIR Holdings MAIR Holdings NASDAQ: MAIR is an airline holding company based in Minneapolis, Minnesota. Big Sky Airlines, has not been profitable since it was purchased by MAIR. History Started in 1993 as Mesaba Holdings, Inc., holding company for Mesaba Aviation, Inc. , parent of bankrupt Mesaba Airlines, confirmed to that the company is in discussions with Northwest Airlines about a possible acquisition. Dec 22, 2006 Northwest Airlines flew 6.13 billion system RPMs in November, up 3.2% from the year-ago month. Capacity grew 1.7% to 7.51 billion ASMs, bumping load factor up 1.3 points to 81.7%. Domestic traffic rose 5.2% to 3.32 billion RPMs against a 2.9% increase in capacity to 4.12 billion ASMs and load factor improved 1.8 points to 80.6%. International RPMs rose 3.6% to 2.4 billion and ASMs were up 3.1% to 2.83 billion, raising load factor 0.4 point to 85%. Dec 18, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 18, 2006 |
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