Re: Northwest's Pinnacle Airlines files to go public

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Never heard of this NW subsidiary. Is this the company that holds the
Express I airlines in MEM?

BAHA


-----Original Message-----
From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU]On Behalf Of W
Wilson
Sent: Monday, February 25, 2002 4:26 PM
To: AIRLINE@LISTSERV.CUNY.EDU
Subject: Northwest's Pinnacle Airlines files to go public


WASHINGTON, Feb 25 (Reuters) - Pinnacle Airlines Corp., an indirect
subsidiary of Northwest Airlines Corp. (NWAC), the No. 4 U.S. airline, on
Monday filed to offer as much as $400 million in stock in an initial public
offering.

Details such as the size and price of proposed IPO were not provided in a
preliminary prospectus filed with the U.S. Securities and Exchange
Commission. Those details are expected in future filings.

Pinnacle said NWA Inc, a unit of Northwest, will offer all of the shares of
common stock it holds in the Memphis, Tennessee-based company, will not
receive any proceeds from the IPO.

NWA will hold 13 percent of Pinnacle's outstanding common stock after the
offering, Pinnacle said.

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