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
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]