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Delta agrees to sell Mesaba Airlines to Pinnacle Airlines

Delta Air Lines (Atlanta) today (July 1) also announced it has entered into a definitive agreement to sell is wholly owned regional airline subsidiary Mesaba Airlines (Mesaba Aviation) (Minneapolis/St. Paul) to Pinnacle Airlines Corporation (Pinnacle Airlines) (Memphis) for $62 million.

Mesaba, like Compass Airlines, will continue to serve Delta as a Delta Connection carrier with a long-term, extendable agreement, ranging from seven to 12 years depending on aircraft type. Compass will continue to be headquartered in Minneapolis/St. Paul.

Copyright Photo: Bruce Drum. SAAB 340B N453XJ (msn 453) of Mesaba arrives back at the Delta hub at MSP.