
Ravn Air Group (Ravn Alaska) issued this statement:

J.F. Lehman & Companyโsย successfulย bid for PenAirโs assets was todayย approved by the court overseeing PenAirโs bankruptcy proceedings.ย As the owner of Ravn Air Group, J.F. Lehman & Co.โsย acquisition of PenAir willย protect a substantial majority ofย companyย jobs,ย ensure continuity of operations and service to all PenAir routes, andย create stability and betterย travel opportunities throughout the state.

โWe are thrilled withย this outcome,โ said Dave Pflieger, President and CEO of Ravn Air Group. โIt is a win for all partiesโour Alaskaย customers andย communities,ย as well asย PenAirย and Ravnย employees alike.โ

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.

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

Earlier this week,ย J.F. Lehman & Co.โsย bid was selected as part of aย court-mandated auction of PenAirโs assetsย conducted by a court appointed Trustee.ย However, thatย selection required todayโsย formal approvalย from the U.S. Bankruptcy Court in Anchorage.ย Before becomingย final, thisย purchase must also be approved by theย U.S.ย Department of Transportationย andย Federal Aviation Administration.

โIt is a testament to theย strength and fortitude of PenAir employees and theย hard work and commitment of all Ravn Air Group team members that JFLย wasย able to pursueย theย acquisitionย of such a storied airline,ย which,ย like Ravn,ย hasย aย rich history of serving Alaska,โ Pflieger said. โWe are all veryย excited about ourย collectiveย future and working together toward a shared goal of providing theย veryย best in safety, operational excellence, customer service, and employee prideย throughout Alaska.โ
Top Copyright Photo:ย PenAir (Peninsula Airways) SAAB 340B N677PA (msn 328) ANC (Joe G. Walker). Image: 912876.
PenAir aircraft slide show:

Ravn Air Route Map:

PenAir Route Map:

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