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Pinnacle Airlines Buys Back Common Stock

03 December 2007

Pinnacle Airlines has purchased nearly 2.5 million shares of common stock for $32.95 million. The purchase means that Northwest Airlines no longer owns any common stock in the airline. In January 2008, Pinnacle intends to repurchase the Class A Preferred Stock that Northwest Airlines holds.

Read more: [Pinnacle Airlines Borthwest Airlines]

Pinnacle Airlines Buys Back Common Stock

Pinnacle Airlines has purchased...


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We weren’t totally surprised that there was more appetite there, but you never know until you get through the deal.

Scott Topping, treasurer, Southwest Airlines on 2008s North America Deal of the Year