Pinnacle Air's pilots union is closely monitoring e-mails and holding conference calls and can't talk in advance of the ruling and apparently neither can Pinnacle Air.
The judge has told both sides not to comment until the ruling is unsealed and both parties have had a chance to review it.
Court proceedings began in earnest last month after the bankrupt airline tried to modify the current contract with its 2,500 unionized pilots.
Pinnacle Air wants to reduce wages, benefits and relax work rules that dictate when pilots can be paid when they are not flying.
The bankrupt airline is seeking $76 million in concessions from labor.
The union claims that would result in their members facing wage cuts as much as 24 percent.
There is also no comment from either side about how this might impact Pinnacle's decision to stay in Memphis or relocate to Eagan, Minn., a suburb of Minneapolis
But the Finance and Commerce Newspaper in Minneapolis is reporting the headquarters decision could happen by the end of the month.
The Minneapolis business trade journal is reporting the landlord at the Pinnacle rented corporate location has set a deadline for Pinnacle to sign a lease by the end of the month.
If they can't get an extension in the Twin Cities the picture might look brighter for the company to remain in the Bluff City.
Although a spokesman for Pinnacle stated in an email the rejection of leases and decisions on the corporate headquarters locations are independent of each other.