Pinnacle Airlines Corp., the parent company of Colgan Air, announced over the weekend that it has filed for relief under Chapter 11. "Our current business model is not sustainable," said CEO Sean Menke. "Increasing operating expenses, liquidity constraints, business integration delays and difficulties associated with combining our operations have hindered our ability to maximize our growth potential." As part of the reorganization plan, Colgan Air will stop operating its Saab 340 and Bombardier Q400 fleet by the end of the year.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/colgan-parent-airline-files-chapter-11