(WMC-TV) - Pinnacle Airlines' corporate office moved into One Commerce Square in Memphis with much fanfare. But now, the airline admits everything is on the table during a bankruptcy restructuring.
While there are no current plans to relocate, the rumors of a possible departure for the corporate office took off.
The rumor mill started turning when officials with Minneapolis-St. Paul International Airport contacted the Memphis-based company.
"We believe the Twin Cities have a lot to offer Pinnacle Airlines. We have two vacant hangars that were built for Mesaba Airlines which Pinnacle purchased a few years ago, and we also have ample administrative space that is available," said Patrick Hogan, Minneapolis-St. Paul International Airport Director of Public Affairs and Marketing.
Pinnacle received sizeable tax breaks to move its headquarters from the airport area to One Commerce Square, but it still went bankrupt earlier this year.
Pilots have picketed over pay as the company restructures.
"The fact that Pinnacle is in bankruptcy certainly opens up more opportunities for the airline," said Hogan.
A Pinnacle spokesman said the airline is examining every aspect of its business to find efficiencies.
But when asked about a possible move, the spokesman said the following in a written statement, "We currently don't have any plans to move but every opportunity to reduce cost must be and will be considered."
Unlike Memphis, Minneapolis-St. Paul is expected to remain a major hub for Delta Airlines, which is another selling point according to officials in the Twin Cities.