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25-Jan-2013 11:00 AM

Pinnacle Airlines to move Memphis HQ to Minnesota

Pinnacle Airlines announced (24-Jan-2013) plans to move its Memphis headquarters to Minnesota as part of its restructuring plan. CEO John Spanjers said, "We had the responsibility to explore every aspect of our business to find opportunities to reduce costs, including evaluating our property leases, to find the most economical options for Pinnacle. Our analysis covered everything from the available labour pool and operational alignment to economic incentives. Both Memphis and the State of Minnesota presented very strong cases. In the end, it was an economic decision." [more - original PR]