Bankruptcy Court Approves a Plan of Liquidation for Ravn Air.

    Juneau, Alaska (KINY) - An auction will determine the new owners of Ravn Air between July 6-9, a U.S. Bankruptcy Judge ruled Thursday.

    Judge Brendan Shannon approved a plan of liquidation that allows Ravn to sell the company and its three airlines

    30 bidders have expressed an interest in the auction to buy some or all of Ravn's assets including Alaska Seaplanes.

    Five buyers have submitted bids to buy the entire Air Group..

    Ravn President & CEO, Dave Pflieger, said the goal is to have the airline back in the skies later this summer, "While this has been a very difficult process for everyone affected, we strongly believe it will be a success for our creditors and all Alaskans if our upcoming auction leads to a successful buyer who wants to preserve the vital jobs and essential air service that Ravn has provided."

    Before it filed for Chapter 11 bankruptcy protection April 5, the airline had seen a 90 percent drop in bookings and revenue to the COVID-19 pandemic.

    Ravn employed 1,300 workers and carried passenger, mail, freight, and charter customers to over 115 Alaska destinations.


     

     

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