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Northwest Announces Filing of Registration Statement for the Initial Public Offering of its Wholly Owned Subsidiary, Pinnacle Airlines Corp.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-25-2002/0001675842&EDATE=
NEW YORK, Feb. 25 /PRNewswire-FirstCall/ --
Northwest Airlines Corporation (Nasdaq: NWAC) announced today that a
registration statement has been filed with the U.S. Securities and Exchange
Commission relating to the initial public offering of its regional airline
subsidiary, Express Airlines I, Inc., which will be renamed Pinnacle Airlines
Corp. All of the shares are being offered by an indirect wholly owned
subsidiary of Northwest Airlines Corporation.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy,
nor will there be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. The offering is being lead-managed by Morgan Stanley, the sole
bookrunner. Co-managers of this offering will be named after filing.
Pinnacle Airlines Corp. provides Northwest with regional airline capacity
at its domestic hub airports in Detroit, Minneapolis/St. Paul and Memphis and
offers scheduled passenger service operating 34 Bombardier Canadair Regional
Jets or CRJs and 24 Saab 340 turboprops with approximately 286 daily
departures to 60 cities in 24 states. Northwest has agreed to increase
Pinnacle's fleet to 83 CRJs by April 30, 2004.
When available, a copy of the preliminary prospectus relating to the
offering may be obtained from Morgan Stanley at 1585 Broadway, New York, NY
10036, (212) 761-4000.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-25-2002/0001675842&EDATE=
NEW YORK, Feb. 25 /PRNewswire-FirstCall/ --
Northwest Airlines Corporation (Nasdaq: NWAC) announced today that a
registration statement has been filed with the U.S. Securities and Exchange
Commission relating to the initial public offering of its regional airline
subsidiary, Express Airlines I, Inc., which will be renamed Pinnacle Airlines
Corp. All of the shares are being offered by an indirect wholly owned
subsidiary of Northwest Airlines Corporation.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy,
nor will there be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. The offering is being lead-managed by Morgan Stanley, the sole
bookrunner. Co-managers of this offering will be named after filing.
Pinnacle Airlines Corp. provides Northwest with regional airline capacity
at its domestic hub airports in Detroit, Minneapolis/St. Paul and Memphis and
offers scheduled passenger service operating 34 Bombardier Canadair Regional
Jets or CRJs and 24 Saab 340 turboprops with approximately 286 daily
departures to 60 cities in 24 states. Northwest has agreed to increase
Pinnacle's fleet to 83 CRJs by April 30, 2004.
When available, a copy of the preliminary prospectus relating to the
offering may be obtained from Morgan Stanley at 1585 Broadway, New York, NY
10036, (212) 761-4000.