RAH has acquired or is trying to acquire Mokulele, Frontier, and Midwest. In all three cases, there were numerous financial transactions and published articles detailing the actual or intended purchase of control. There has been no public information regarding RAH and Pinnacle, so I would say that there is no truth to this rumor.

Another reason BB would not want Pinnacle right now is because of the negative public perception of Colgan Air in the wake of the Buffalo crash. RAH is trying to sell its own tickets on Midwest and Frontier, and does not need to have a black cloud floating over its head. Articles and news stories about Colgan will continue to come out over the next year, and in each of them it would say "Colgan Air, owned by RAH, who also operates Frontier and Midwest airlines..." Too much bad press tied to Pinnacle for now.