Pinnacle Airlines, Inc. Flight Attendants Ratify Collective Bargaining Agreement

MEMPHIS, Tenn., Nov. 6, 2012 /PRNewswire/ — Pinnacle Airlines Corp.‘s (OTC: PNCLQ) wholly owned subsidiary, Pinnacle Airlines Inc., announced today that its flight attendants ratified the tentative agreement reached on Oct. 12. The ratification means the flight attendants, represented by the Association of Flight Attendants-CWA (AFA), will avoid the Section 1113 litigation process in bankruptcy court and is a critical part of the company’s restructuring plan.

“We greatly appreciate the constructive efforts of the AFA leadership throughout this process and are pleased that our flight attendants voted in favor of the new agreement,” said John Spanjers, Pinnacle Airlines Corp.’s president and chief executive officer. “The ratification of the new CBA represents positive progress for Pinnacle and a major step forward in positioning the Company to emerge from our restructuring with a cost structure necessary to compete in the regional airline marketplace. We appreciate the willingness of the AFA and its members to work together with Pinnacle for the benefit of the entire company and all of our employees.”

The contract remains subject to required corporate approvals and approval by the Bankruptcy Court.