Published: January 31, 2006
Ian Massey Appointed to Pinnacle Airlines Board of Directors
Pinnacle Airlines Corp. (NASDAQ: PNCL) is
pleased to announce that Mr. Ian Massey has joined the airline's Board of
Directors effective January 26, 2006. Mr. Massey serves as an Independent
Director, and will sit on the Audit Committee and the Nominating and
Corporate Governance Committee. He will be subject to re-election at the
2008 annual meeting of stockholders.
Mr. Massey is Executive Vice-President at Republic Financial Corporation, a
Denver-based investment company. Mr. Massey oversees the activities of
Republic's Corporate Marketing & Communications, Private Equity and
Aviation & Portfolio Groups, as well as the operations of Comergy, a
Republic portfolio company. He also is a member of the Board of Directors
of Vought Aircraft Industrie, Inc.
Mr. Massey graduated from Loughborough University in England in 1973 with a
degree in Aeronautical Engineering. He joined the Ford Motor Company, then
Massey Ferguson as an accountant. In 1980, he joined British Aerospace and
was promoted through a number of positions. In 1989, Mr. Massey was named
divisional finance director in BAe's Regional Aircraft division. Two years
later, he moved to Airbus Industries in Toulouse, France, where he
undertook the role of Chief Financial Officer. As a member of Airbus'
senior management, his responsibilities expanded to include customer
finance areas as well as corporate accounting. After ten years with
Airbus, Mr. Massey elected to take yet another role and in 2001 he moved to
Republic Financial Holdings.
Commenting on Mr. Massey's appointment, Philip H. Trenary, Pinnacle's
President & CEO, said, "We are fortunate to have such a high caliber
professional join our Board of Directors. Ian brings a wealth of
experience in finance and aviation that will be an invaluable asset as we
chart the future of Pinnacle Airlines."
Pinnacle Airlines, Inc. operates under the name Northwest Airlink and
provides service to destinations in the United States and Canada. Pinnacle
operates an all-jet fleet of 124 Canadair 44 and 50-seat Regional Jets from
Northwest hubs at Detroit, Memphis and Minneapolis-St. Paul. Pinnacle
Airlines maintains its headquarters in Memphis, Tenn., and employs more
than 3,400 People. For further information, please contact Philip Reed,
Vice-President, Marketing at 901-348-4257, or visit our web-site at
www.nwairlink.com.
This press release contains various forward-looking statements that are
based on management's beliefs, as well as assumptions made by and
information currently available to management. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable; it can give no assurance that such expectations will prove
to have been correct. Such statements are subject to certain risks,
uncertainties and assumptions, including those set forth in our filings
with the Securities and Exchange Commission, which are available to
investors at our web-site or on line from the Commission. Should one of
more of these risks or uncertainties materialize, or should underlying
assumptions prove erroneous, actual results may vary materially from
results that were anticipated or projected. The Company does not intend to
update these forward-looking statements before its next required filing
with the Securities and Exchange Commission.
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