Pinnacle buys Colgan Air

 - January 23, 2007, 11:08 AM

Pinnacle Airlines bought Manassas, Va.-based Colgan Air for $20 million last month. The deal gives Memphis-based Pinnacle, which has flown exclusively for Northwest Airlines during its entire existence, immediate access to code-share revenue from Colgan partners Continental Airlines, United Airlines and US Airways. A new service contract reached last month with Northwest released Pinnacle from an exclusivity clause that barred it from flying for other partners.