Ravn Air Group announced on Monday that it has completed its final going concern sale to Monocoque Diversified Investments which, like FLOAT Shuttle, intends to restart two of Ravn’s four
subsidiary air carrier companies.
Like the earlier sale of Ravn Air Group’s two Part 121 subsidiary air carriers, Ravn Air Alaska and PenAir, this final sale involved two of Ravn Air Group’s subsidiary airlines: Part 135 Hageland Aviation and Frontier Flying Service, which previously served over 100 small rural villages and communities around Alaska.
The end result of this news is that Ravn Air Group, Alaska’s largest regional airline service provider, was successful in saving all four of its subsidiary airlines. Those efforts, according to a statement by Ravn, saved approximately 600 jobs and almost all of its 72 aircraft from being permanently lost or moved out of the State of Alaska.
