Pinnacle Airlines Corp. senior VP and CFO Ted Christie will move to Spirit Airlines, where he will hold the same positions, effective April 1.

Christie will succeed David Lancelot, whom Ft. Lauderdale, Fla.-based Spirit said will leave to explore new opportunities. Memphis-based Pinnacle said it will immediately begin a search for a new CFO.

The move comes at a sensitive time for regional operator Pinnacle, which late last year acknowledged financial difficulties and initiated a "comprehensive program to reduce short- and long-term costs and enhance liquidity" (ATW Daily News, Dec. 9, 2011). Low-cost carrier Spirit launched an IPO last year (ATW, Oct. 1).

Photo: Former Pinnacle VP and CFO Ted Christie. Courtesy, Pinnacle