Citing Debts Of $1.42B, Pinnacle Airlines Files For Chapter 11 Bankruptcy

NEW YORK - Pinnacle Airlines Corp., the parent company of Pinnacle Airlines and Colgan Air, filed for Chapter 11 bankruptcy on April 2 in the U.S. Bankruptcy Court for the Southern District of New York, citing losses from the high cost of fuel (In Re: Pinnacle Airlines Corporation, No. 12-11343, Chapter 11, S.D. N.Y. Bkcy.).

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