Ravn Air receives $31.6 million from CARES

    Anchorage, Alaska (KINY) - Ravn Air Group announced it would receive airline support payroll grants from the Coronavirus Aid, Relief, and Economic Security Act and the funds would be available to the airlines next owner and current creditors.

    Ravn Air is currently in Chapter 11 bankruptcy.

    Dave Pflieger, Ravn's President & CEO said the grants are fantastic news for the company creditors, employees, customers, and the communities it serves in Alaska, "We have a number of interested, enterprise-wide bidders who want to buy the entire Air Group and its three airlines, and we remain optimistic that we will be able to maximize creditor recoveries, exit Chapter 11 protection, and ensure that Alaska's largest and most vital regional airline can resume operations later this summer."

    The lack of air service in many Alaska communities has led to expensive charter flights for residents who need medical assistance.  It has also impacted the seafood industry.

    Glen Gardner, Jr., Mayor of the City of Sand Point said they have been devastated by the loss of air service, "We have very limited options to come and go to Anchorage for medical, business, grocery shopping and some leisure activities.  It sure would be nice to see Ravn back servicing our community.  The cost of leaving the community has become prohibitive, leaving our residents in quite a bind."

    A bankruptcy judge has set June 24 as the deadline to receive bids for the three airlines and other assets of Ravn Air.




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