The Ravn Air Group is launching a “new” PenAir, following the acquisition of PenAir’s assets by investment affiliates of J.F. Lehman & Company for $12.3 million.
Employees of Alaska Air Group companies Alaska Airlines and Horizon Air are receiving $120 million in incentive bonuses today. For most employees, this equates to more than 6.5 percent of their annual pay in 2018.
One of the state’s major aviation success stories, Alaska Airlines, acquired Virgin America and, in January, received its single operating certificate from the FAA.