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Pinnacle purchases $20 million of preferred share from Northwest Airlines

Pinnacle Airlines Corp. has purchased its Class A Preferred Share from Northwest Airlines Corp. at a purchase price of $20 million. The purchase is in accordance with the Airline Service Agreement between Pinnacle and Northwest agreed to a year ago. “This is the last step in the process of becoming independent that began with our

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Polar Air Cargo Worldwide hires new VP Sales and Marketing, Americas

Atlas Air Worldwide Holdings released that Polar Air Cargo Worldwide has hired Thomas Betenia as Vice President Sales and Marketing, Americas, effective January 7, 2008. Mr. Betenia, who will be based in Purchase, NY, comes to Polar from Lufthansa Cargo AG, most recently as Director of Sales and Handling for the U.S. Northeast and Mid-Atlantic

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River Hawk Aviation subsidiary adds aircraft to aviation management program

River Hawk Aviation has reached agreement with its aviation partner Aerologistics Investment Partners, LLC (Aerologistics), to provide aviation management services for a Cessna Citation II that it is acquiring. The management services are to be provided through Profile Aviation Services, a wholly owned subsidiary of the Company. The Cessna Citation II is a very popular

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