Item 1.01 Entry into a Material Definitive Agreement
On March 2, 2009, Pinnacle Airlines Corp. (the "Company") entered into Amendment
No. 1 (the "Amendment") to the Amended and Restated Loan Agreement between the
Company and Citigroup Global Markets, Inc. ("Smith Barney"), dated November 5,
2008 (the "Term Loan"). The purposes of the Amendment were to: (i) extend the
maturity date of the Term Loan to January 31, 2010; (ii) clarify that notice
shall be provided by Smith Barney to the Company if there is a decline in the
market value of the collateral; (iii) change the definition of "market value;"
and (iv) include a default provision related to the Company's major capacity
purchase agreements. A copy of the Amendment is attached as Exhibit 10.72 to
this Current Report on Form 8-K.