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Pinnacle Airlines Keeps HQ in Memphis, TN

Tennessee Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber have applauded Pinnacle Airlines’ decision to enter into negotiations to lease commercial space for a new corporate headquarters in downtown Memphis. The company’s board of directors approved a letter of intent to enter into negotiations for approximately 155,000 square feet of office space in the One Commerce Square Building.

“To use a pilot’s vernacular, this project has been on approach for some time and I couldn’t be happier we’ve landed it,” said Governor Phil Bredesen. “We’ve worked hard to create strong partnerships at the state and local levels and a business climate that helps companies understand there’s no better place to locate a business than in Tennessee. Pinnacle’s decision is a great endorsement of both Memphis and Tennessee and keeps hundreds of jobs in the community.”

“I’m pleased Pinnacle’s management and board of directors have moved forward on creating a strong presence for the airline in Memphis today and into the future,” said Matt Kisber, commissioner, Tennessee Department of Economic and Community Development. “This announcement is the culmination of a lot of hard work and a strong partnership between the city of Memphis, Shelby County, the Memphis Chamber of Commerce and the state of Tennessee. It’s a big win for all of us.”

Pinnacle currently employs approximately 600 people in several buildings in the Nonconnah Office Park near the Memphis International Airport. A search has been underway by the company for more than a year for space to accommodate growth in the wake of Pinnacle’s acquisition of Mesaba Airlines in July 2010.

“It is our desire to keep our headquarters in Memphis, and the One Commerce Square proposal came closest to meeting our criteria,” said Philip H. Trenary, President and CEO of Pinnacle Airlines Corp. “State, county and city representatives have worked very hard to reach this point and we are appreciative of their efforts.”

Trenary says upon completion of lease negotiations, Pinnacle will occupy 12 floors in the One Commerce Square building. More than 9,000 Pinnacle employees from around the country travel to Memphis annually for training. The company provides regional air service under contract to Delta, Continental and U.S. Airways.

Pinnacle Airlines Corp., an airline holding company, is the parent company of Pinnacle Airlines, Inc.; Colgan Air, Inc.; and Mesaba Aviation, Inc. Pinnacle Airlines, Inc. operates a fleet of 142 regional jets under Delta brands in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands. Colgan Air, Inc. operates a fleet of 48 regional turboprops as Continental Connection, United Express and US Airways Express. Mesaba, also a Delta Connection carrier, operates an advanced fleet of regional jet and jet-prop aircraft.

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