MEMPHIS, TN (abc24.com) - Pinnacle Airlines announced Thursday it will move its headquarters from downtown Memphis to Minneapolis-St. Paul as part of a cost-saving measure as the company emerges from Chapter 11 bankruptcy.
The struggling airline will move from it's current location at One Commerce Square to a space leased by Delta Airlines on Minneapolis-St. Paul airport property. The move is expected to be completed by May.
“We had the responsibility to explore every aspect of our business to find opportunities to reduce costs, including evaluating our property leases, to find the most economical options for Pinnacle,” said John Spanjers, president and CEO of Pinnacle Airlines. “Our analysis covered everything from the available labor pool and operational alignment to economic incentives. Both Memphis and the State of Minnesota presented very strong cases. In the end, it was an economic decision.”
“We especially appreciate the efforts of Gov. Bill Haslam and the State of Tennessee, Mayor A C Wharton and the City of Memphis, the Downtown Memphis Commission, our landlord at One Commerce Square, Gov. Mark Dayton and the State of Minnesota, the Metropolitan Airports Commission in Minneapolis-St. Paul and Delta. They all were very aggressive in working with us and our decision was difficult to make.”
The Memphis office currently employs about 500 workers.