Alaska carrier Ravn to be auctioned off

Saturday, 29 Jun, 2020 0

Alaska’s largest commuter airline Ravn will go on the auction block in the next week.

A Delaware judge approved a sale to the highest bidder in full or in part to repay creditors.

Ravn filed for bankruptcy in April.

The date for the auction will be after the July 4 holiday but before July 9 when a court hearing is already scheduled to finalize the sale.

There is no confirmation on likely bidders but the airline says there is much interest.

"Approximately 30 bidders expressed interest in buying all or some of the air group’s assets. Of these, five strategic buyers submitted bids to buy the entire air group," Ravn Air said.

"The outcome of the hearing turned out as we had hoped, and we are excited that our employees, and the many communities we serve will now have a very real opportunity to see Ravn back in the skies," Ravn CEO Dave Pflieger said in a statement.

Southern California commuter service Float Shuttle has come out publicly as an interested bidder.

"It’s definitely our intent to keep Ravn as a going concern. We’re all about service to communities, and we really believe we have the right team," said Rob McKinney, Float Shuttle’s president.

below social share icons

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

It’s easy to find perfection in Santa Barbara, but what if there was even more of your favorite finds, activities,...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

Intrepid Travel is a world leader in sustainable experience-rich travel that has been taking travellers to discover the world’s most amazing places...

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

The Polish Tourism Organisation (Polska Organizacja Turystyczna – POT) is one of several dozen national tourism organisations operating in the...

Global Hotel Alliance brings together a unique collection of independent hospitality brands for GHA DISCOVERY, a multi-brand loyalty programme. GHA...

Why choose Titan Travel? There are some great travel companies out there – so why Titan? Well, we’re one of...

Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising nearly 7,300 properties and more than 1.1 million rooms, in...

At Visit California, our mission is to develop and maintain marketing programs – in partnership with the state’s travel industry...

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of...

Our Mission Ecommerce has transformative powers, and we believe everyone should be able to take part. But outdated solutions and...

Since 1932, P&O Cruises has offered Aussies and Kiwis the opportunity to take to the seas and have the holiday...

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...