Sun, Jul 12, 2020
Ravn Air Group Has Successfully Sold its Two Part 121 Airlines
Approval for the sale of all 12 lots of Ravn Air Group assets was granted this week at the final Bankruptcy Court hearing – including, in a last minute turn of events, Ravn Air Group’s two Anchorage- based Part 121 passenger air carriers (“RavnAir Alaska” and “PenAir”) which were sold as a “going concern” along with many of the assets of these two companies.
The successful bidder of RavnAir Alaska and PenAir was FLOAT Shuttle, a Los Angeles–based air commuter service.
“We are extremely excited about today’s outcome. While it is truly unfortunate that we can’t restart our RavnAir Connect Part 135 airline, we are hopeful that the Alaska-based buyers of those assets will hire many of our former employees; and we are thrilled to hear that the FLOAT shuttle team intends to rehire as many of our remaining employees as possible and quickly resume flights to the many vital communities Ravn serves throughout our great state,” said Dave Pflieger, Ravn’s President & CEO.
“We would personally like to thank all of our employees, our customers, our many business partners, our special restructuring committee, our advisors & attorneys, our lenders, and our creditors committee, as well as Senator Lisa Murkowski, Congressman Don Young, and especially Senator Dan Sullivan for their incredible efforts and support getting us to today’s outcome — this was a fantastic result for all, despite overwhelming odds,” said Pflieger.
More News
Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]
'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]
"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]
"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]
There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]