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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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Quote

Every organisation that serves the Indian airline industry is profitable and it is only the airlines that lose money.

Saroj Datta, executive director, Jet Airways, criticises Indias high airport charges.