Tag Archives: PenAir (Peninsula Airways)

Ravn Air Group fails to sell its two Part 121 airlines (RavnAir Alaska and PenAir)

Ravn Air Group made this announcement:

The auction on July 8, 2020 for Ravn Air Group’s two Anchorage-based Part 121 passenger air carriers (RavnAir Alaska and PenAir) was adjourned without a sale after Ravn’s secured creditors (the Lenders) and Unsecured Creditors Committee determined that bids received were not high enough to be acceptable.

As a result, the Company will only seek approval at tomorrow’s Bankruptcy Court hearing of the other 11 asset lots successfully sold at yesterday’s auction that was focused primarily on RavnAir Connect Part 135 aircraft and facilities used in rural Alaska operations.

“While it was disappointing that no one has yet emerged as a successful bidder of our two remaining airlines, the auction process will not be concluded until our Lenders decide to end the formal court- approved sales process, make the Plan of Liquidation effective, and place the remaining airlines and their respective assets into a liquidating trust.

Given those facts, we remain optimistic that a new owner will still be able to step in and restart one or more of our two Part 121 airlines,” said Dave Pflieger, Ravn’s President & CEO.

PenAir aircraft photo gallery:

PenAir aircraft slide show:

https://airlinersgallery.smugmug.com/frame/slideshow?key=vSNHwQ&speed=3&transition=fade&autoStart=1&captions=0&navigation=0&playButton=0&randomize=0&transitionSpeed=2

Ravn Air Group acquires the assets of PenAir

Ravn Air Group, Alaska’s largest regional airline, has announced that it has purchased the assets of Peninsula Airways, Inc. and created a “new” PenAir that is officially a member of Ravn Air Group.

Earlier this month, the acquisition of PenAir’s assets by investment affiliates of J.F. Lehman & Company was approved by the U.S. Department of Transportation (“DOT”). The remaining requirements needed to accomplish the sale were finalized, making the transfer of PenAir’s assets into a new subsidiary of Ravn Air Group complete.

As part of Ravn Air Group, the “new” PenAir will ensure that the airline can continue to provide safe and reliable service while simultaneously creating better and more extensive travel opportunities for its customers.

As a subsidiary of Ravn Air Group, PenAir will keep its current name and continue to operate as a separate company under a separate FAA certificate. With the completion of the transaction, PenAir will be a financially sound organization with a significantly enhanced ability to serve the state of Alaska.

PenAir route map:

Ravn Air route map:

 

Ravn Air Group receives court approval to acquire PenAir assets

Airline Color Scheme - Introduced 2011

Ravn Air Group (Ravn Alaska) issued this statement:

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J.F. Lehman & Company’s successful bid for PenAir’s assets was today approved by the court overseeing PenAir’s bankruptcy proceedings.  As the owner of Ravn Air Group, J.F. Lehman & Co.’s acquisition of PenAir will protect a substantial majority of company jobs, ensure continuity of operations and service to all PenAir routes, and create stability and better travel opportunities throughout the state.

 

“We are thrilled with this outcome,” said Dave Pflieger, President and CEO of Ravn Air Group. “It is a win for all parties—our Alaska customers and communities, as well as PenAir and Ravn employees alike.”

PenAir will keep its current name and continue to operate as a separate company under a separate FAA certificate as a subsidiary of Ravn Air Group, which will now have a significantly enhanced ability to serve the state of Alaska.

“Both my father, founder of PenAir Orin Seybert, and I are pleased with the decision of the court today,” said Danny Seybert, PenAir CEO. “This is a win-win for our employee group, AND our friends and customers throughout rural Alaska.”

Earlier this week, J.F. Lehman & Co.’s bid was selected as part of a court-mandated auction of PenAir’s assets conducted by a court appointed Trustee.  However, that selection required today’s formal approval from the U.S. Bankruptcy Court in Anchorage.  Before becoming final, this purchase must also be approved by the U.S. Department of Transportation and Federal Aviation Administration.

“It is a testament to the strength and fortitude of PenAir employees and the hard work and commitment of all Ravn Air Group team members that JFL was able to pursue the acquisition of such a storied airline, which, like Ravn, has a rich history of serving Alaska,” Pflieger said. “We are all very excited about our collective future and working together toward a shared goal of providing the very best in safety, operational excellence, customer service, and employee pride throughout Alaska.”

Top Copyright Photo: PenAir (Peninsula Airways) SAAB 340B N677PA (msn 328) ANC (Joe G. Walker). Image: 912876.

PenAir aircraft slide show:

Ravn Air Route Map:

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PenAir Route Map:

PenAir ends its East Coast operations

PenAir (Peninsula Airways) SAAB 340B N406XJ (msn 406) BWI (Tony Storck). Image: 912875.

PenAir has informed the Department of Transportation (DOT) it would end service to Boston from Presque Isle, Bar Harbor and Plattsburgh, NY a month earlier on June 1, due to a loss of mechanics and pilots. This leaves Presque Isle without airline service until United Express begins service on July 1.

Top Copyright Photo (all others by PenAir): PenAir (Peninsula Airways) SAAB 340B N406XJ (msn 406) BWI (Tony Storck). Image: 912875.

PenAir aircraft slide show:

Route Maps:

PenAir starts its New England operation today

PenAir (Peninsula Airways) (Anchorage) is branching out of its Alaska base to start a new regional operation based in New England. Today (May 24) the company will launch scheduled passenger flights between Boston (Logan) and Bar Harbor, Maine. On June 15, PenAir will further expand in New England by launching two additional routes from Boston to both Presque Isle, Maine and Plattsburgh, New York.

For the East Coast operation, PenAir is establishing a new base at Plattsburgh to maintain the SAAB 340Bs.

The new routes are being flown under the Essential Air Service (EAS) program.

Read the full story from the Press Republican: CLICK HERE

Copyright Photo: Robbie Shaw. The company introduced this new livery in 2011.

PenAir Slide Show: CLICK HERE

The traditional Alaska Route Map. PenAir will now be a far-flung dual-base airline.

Please click on the map to expand.

PenAir is expanding outside of Alaska, wins an EAS award in Maine, leases a SAAB in Hawaii

PenAir (Peninsula Airways) (Anchorage) is expanding outside of Alaska to other parts of the country. The company has been awarded by the Department of Transportation (DOT) to provide Essential Air Service (EAS) from both Presque Isle and Bar Harbor in Maine to Boston with 34-seat SAAB 340B turboprop aircraft.

Read the full article from Bangor Daily News: CLICK HERE

In addition, the company is currently wet leasing SAAB 340B N364PX to Island Air in Hawaii effective on March 1.

Read the full story from HNL RareBirds: CLICK HERE

Copyright Photo: Rainer Bexten. SAAB 340B N675PA displays the old markings in Anchorage.

Video: A SAAB 340B in the new livery lands at a rainy Dutch Harbor in the Aleutian Islands:

Routes in Alaska:

Click on the map to expand.

Small airlines and rural communities rally to fight the end of the EAS program

A bill had been introduced in Congress to end the Essential Air Service (EAS) program by former presidential candidate Senator John McCain (R-Arizona) according to this article by the Alaska Dispatch. The proposed amendment would end the EAS program as Congress searches for programs to cut.

Read the full story from the Alaska Dispatch:

CLICK HERE

Copyright Photo: Tony Storck. Airlines like PenAir, especially those in Alaska, are rallying along with the remote communities they serve to fight the proposed cuts. Read the full story of the EAS program by clicking on the photo.