RavnAir Group to Move Forward with Sales Process
RavnAir Group has been approved by Honorable Brendan L. Shannon in the United States Bankruptcy Court for the District of Delaware to move forward with its proposed bidding process for the airline to sell all, substantially all, or a substantial part of its assets.
“This Court decision helps clear the path for Ravn to find new ownership that will allow us to resume operations later this summer,” says Dave Pflieger, Ravn’s president & CEO. “This is great news for our creditors, our employees who have been temporarily laid off, our customers, our important fishing industry, and the 115 rural and urban communities we serve throughout the state who are currently suffering from a lack of service since we parked our seventy-two aircraft.”
“The fishing industry, one of Alaska’s biggest sources of revenue and employment, has found it extremely challenging to work around Ravn’s grounding,” said Tom Enlow, president of UniSea, Inc. “Ravn has been a great partner of the fishing industry for many years in Alaska, and we are very hopeful for their return.”
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Meeting in the Middle
In January, when the Biden administration announced its ban on the future sale of oil and gas leases on federal land, the news understandably ruffled the collective feathers of Alaska’s oil and gas industry.