ChickenSled
Am I Evil...Yes I Am
- Joined
- Jun 10, 2006
- Posts
- 129
Ten Years
From the SEC Filing:
I've wondered this exact same thing. How long is Pinch Nickle's contract for?
From the SEC Filing:
Item 1.01 Entry into a Material Definitive Agreement
On April 27, 2007, Pinnacle Airlines Corp. (the “Company”) entered into an agreement with Delta Air Lines to operate 16 CRJ-900 aircraft as a Delta Connection Carrier (the “Delta Connection Agreement”, or “DCA”). The aircraft will be delivered between November 2007 and February 2009, with scheduled service expected to begin in December 2007. The term of the DCA is ten years. Pursuant to the DCA, Delta will assign 16 delivery positions to the Company under Delta’s purchase agreement with the aircraft manufacturer. Delta also has the option to require the Company to purchase an additional seven CRJ-900 aircraft to be operated under the DCA. The Company expects that its Pinnacle subsidiary (the “Operator”) will operate the CRJ-900 aircraft under the DCA.
On April 27, 2007, Pinnacle Airlines Corp. (the “Company”) entered into an agreement with Delta Air Lines to operate 16 CRJ-900 aircraft as a Delta Connection Carrier (the “Delta Connection Agreement”, or “DCA”). The aircraft will be delivered between November 2007 and February 2009, with scheduled service expected to begin in December 2007. The term of the DCA is ten years. Pursuant to the DCA, Delta will assign 16 delivery positions to the Company under Delta’s purchase agreement with the aircraft manufacturer. Delta also has the option to require the Company to purchase an additional seven CRJ-900 aircraft to be operated under the DCA. The Company expects that its Pinnacle subsidiary (the “Operator”) will operate the CRJ-900 aircraft under the DCA.