Air Transport World

Pinnacle Airlines.(Notes)(Brief Article)

Pinnacle Airlines, Northwest Airlines' Regional subsidiary, backed into the public equity markets after NWA pension plans sold 19.4 million shares of Pinnacle stock at a price of $14 per share. After underwriter fees and discounts, an estimated $271.6 million in proceeds went to the pension plans. Prior to the sale, the pension fund held about 90% of Pinnacle common shares. …

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