Pinnacle Airlines has closed on a $10 million credit facility with Independent Bank of Memphis, Tenn. The loan is designed to provide Pinnacle with additional working capital until it receives its 2009 federal income tax refund, estimated to be $38 million. Separately, Pinnacle also modified its $25 million spare parts loan to reduce certain liquidity requirements
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada