Pinnacle Airlines may land Downtown; Regional carrier ponders move into One Commerce Square

Pinnacle Airlines Corp. is eyeing the landmark One Commerce Square tower Downtown for its headquarters, a possible coup for an area stung recently by another corporate giant announcing its departure. Memphis-based Pinnacle, which is scattered...


In early May of this year, it made another announcement, saying it had a 10-year deal to fly regional routes for Delta Air Lines with 16 76-seat regional jets Pinnacle was in the process of purchasing.

Analysts are mostly buoyant about Pinnacle, even though third quarter earnings were down $2.7 million. What pleases them is that Pinnacle has a plan for growing when many of regional airlines are standing still, said Bob McAdoo of Avondale Partners in Nashville.

And industry observers say that moving where lease costs are lower is plain smart.

"These guys are trying to save money and that's what they are supposed to do," said Darryl Jenkins, independent aviation consultant outside Washington. "I can tell you that there is someone at Pinnacle going over every account as closely as they can right now, looking at everything, where they spend every bit of money."

- Amos Maki: 529-2351

- Jane Roberts: 529-2512

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"This would be great news for Downtown, and for our efforts to attract a fair share of the local office market."

Jeff Sanford

Center City Commission president

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