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Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:50 EDTDAL, PNCLQPinnacle Airlines reaches agreements to provide viable path out of Chapter 11
Pinnacle Airlines (PNCLQ) and its wholly owned subsidiaries have entered into comprehensive agreements that, among other things, provide a path forward for the company to emerge from bankruptcy with a competitive cost structure and a viable long-term business plan. Under Pinnacle's new business plan, the company will transition its fleet to operate a fleet of 81 fuel-efficient, two-class regional jets for Delta Air Lines (DAL). The comprehensive agreements among Pinnacle, Delta, the Air Line Pilots Association, International and the Official Committee of Unsecured Creditors in Pinnacle's Chapter 11 cases include: An amendment to the company's existing debtor-in-possession credit facility, to provide Pinnacle with $30M of additional liquidity to support its continued operation through emergence from Chapter 11 and an additional $22M to fund certain required payments to Pinnacle's pilots under a Bridge Agreement and related employer taxes. Amendments to the existing operating agreements with Delta that form the basis of the new business plan. Pinnacle will receive Delta Connection's next 40 CRJ-900 aircraft awarded, setting Pinnacle's long-term fleet plan at 81 CRJ-900 aircraft. The 40 additional CRJ-900 aircraft deliveries are planned to begin in the fall of 2013 and are expected to be completed by year-end 2014. Pinnacle's 140 CRJ-200 aircraft will be removed from operation over the next two to three years.
News For PNCLQ;DAL From The Last 14 Days
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November 28, 2014
09:14 EDTDALAirlines rally after OPEC inaction pushes oil lower
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08:45 EDTDALDelta Air Lines volatility flat as WTI trades below $70
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November 21, 2014
06:18 EDTDALRolls-Royce wns $5B Trent order for 50 aircraft from Delta Air Lines
Rolls-Royce (RYCEY) has won a $5B order for Trent engines and long-term TotalCare service support from Delta Air Lines (DAL) to power 50 new aircraft. Trent XWB engines will power 25 Airbus (EADSY) A350s and Trent 7000 engines will power 25 Airbus A330neo aircraft.
November 20, 2014
15:35 EDTDALDelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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07:44 EDTDALDelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 18, 2014
11:07 EDTDALStocks with call strike movement; DAL FB
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November 14, 2014
17:13 EDTDALAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).

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