#amp-mobile-version-switcher{left:0;position:absolute;width:100%;z-index:100}#amp-mobile-version-switcher>a{background-color:#444;border:0;color:#eaeaea;display:block;font-family:-apple-system,BlinkMacSystemFont,Segoe UI,Roboto,Oxygen-Sans,Ubuntu,Cantarell,Helvetica Neue,sans-serif;font-size:16px;font-weight:600;padding:15px 0;text-align:center;-webkit-text-decoration:none;text-decoration:none}#amp-mobile-version-switcher>a:active,#amp-mobile-version-switcher>a:focus,#amp-mobile-version-switcher>a:hover{-webkit-text-decoration:underline;text-decoration:underline}:where(.wp-block-button__link){border-radius:9999px;box-shadow:none;padding:calc(.667em + 2px) calc(1.333em + 2px);text-decoration:none}:root :where(.wp-block-button .wp-block-button__link.is-style-outline),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link){border:2px solid;padding:.667em 1.333em}:root :where(.wp-block-button .wp-block-button__link.is-style-outline:not(.has-text-color)),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link:not(.has-text-color)){color:currentColor}:root :where(.wp-block-button .wp-block-button__link.is-style-outline:not(.has-background)),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link:not(.has-background)){background-color:initial;background-image:none}:where(.wp-block-columns){margin-bottom:1.75em}:where(.wp-block-columns.has-background){padding:1.25em 2.375em}:where(.wp-block-post-comments input[type=submit]){border:none}:where(.wp-block-cover-image:not(.has-text-color)),:where(.wp-block-cover:not(.has-text-color)){color:#fff}:where(.wp-block-cover-image.is-light:not(.has-text-color)),:where(.wp-block-cover.is-light:not(.has-text-color)){color:#000}:root :where(.wp-block-cover h1:not(.has-text-color)),:root :where(.wp-block-cover h2:not(.has-text-color)),:root :where(.wp-block-cover h3:not(.has-text-color)),:root :where(.wp-block-cover h4:not(.has-text-color)),:root :where(.wp-block-cover h5:not(.has-text-color)),:root :where(.wp-block-cover h6:not(.has-text-color)),:root :where(.wp-block-cover p:not(.has-text-color)){color:inherit}:where(.wp-block-file){margin-bottom:1.5em}:where(.wp-block-file__button){border-radius:2em;display:inline-block;padding:.5em 1em}:where(.wp-block-file__button):is(a):active,:where(.wp-block-file__button):is(a):focus,:where(.wp-block-file__button):is(a):hover,:where(.wp-block-file__button):is(a):visited{box-shadow:none;color:#fff;opacity:.85;text-decoration:none}:where(.wp-block-group.wp-block-group-is-layout-constrained){position:relative}@keyframes show-content-image{0%{visibility:hidden}99%{visibility:hidden}to{visibility:visible}}@keyframes turn-on-visibility{0%{opacity:0}to{opacity:1}}@keyframes turn-off-visibility{0%{opacity:1;visibility:visible}99%{opacity:0;visibility:visible}to{opacity:0;visibility:hidden}}@keyframes lightbox-zoom-in{0%{transform:translate(calc(( -100vw + var(--wp--lightbox-scrollbar-width) ) / 2 + var(--wp--lightbox-initial-left-position)),calc(-50vh + var(--wp--lightbox-initial-top-position))) scale(var(--wp--lightbox-scale))}to{transform:translate(-50%,-50%) scale(1)}}@keyframes lightbox-zoom-out{0%{transform:translate(-50%,-50%) scale(1);visibility:visible}99%{visibility:visible}to{transform:translate(calc(( -100vw + var(--wp--lightbox-scrollbar-width) ) / 2 + var(--wp--lightbox-initial-left-position)),calc(-50vh + var(--wp--lightbox-initial-top-position))) scale(var(--wp--lightbox-scale));visibility:hidden}}:where(.wp-block-latest-comments:not([data-amp-original-style*=line-height] .wp-block-latest-comments__comment)){line-height:1.1}:where(.wp-block-latest-comments:not([data-amp-original-style*=line-height] .wp-block-latest-comments__comment-excerpt p)){line-height:1.8}:root :where(.wp-block-latest-posts.is-grid){padding:0}:root :where(.wp-block-latest-posts.wp-block-latest-posts__list){padding-left:0}:root :where(.wp-block-list.has-background){padding:1.25em 2.375em}:where(.wp-block-navigation.has-background .wp-block-navigation-item a:not(.wp-element-button)),:where(.wp-block-navigation.has-background .wp-block-navigation-submenu a:not(.wp-element-button)){padding:.5em 1em}:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-item a:not(.wp-element-button)),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-submenu a:not(.wp-element-button)),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-submenu button.wp-block-navigation-item__content),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-pages-list__item button.wp-block-navigation-item__content){padding:.5em 1em}@keyframes overlay-menu__fade-in-animation{0%{opacity:0;transform:translateY(.5em)}to{opacity:1;transform:translateY(0)}}:root :where(p.has-background){padding:1.25em 2.375em}:where(p.has-text-color:not(.has-link-color)) a{color:inherit}:where(.wp-block-post-excerpt){box-sizing:border-box;margin-bottom:var(--wp--style--block-gap);margin-top:var(--wp--style--block-gap)}:where(.wp-block-preformatted.has-background){padding:1.25em 2.375em}:where(.wp-block-search__button){border:1px solid #ccc;padding:6px 10px}:where(.wp-block-search__input){font-family:inherit;font-size:inherit;font-style:inherit;font-weight:inherit;letter-spacing:inherit;line-height:inherit;text-transform:inherit}:where(.wp-block-search__button-inside .wp-block-search__inside-wrapper){border:1px solid #949494;box-sizing:border-box;padding:4px}:where(.wp-block-search__button-inside .wp-block-search__inside-wrapper) :where(.wp-block-search__button){padding:4px 8px}:root :where(.wp-block-separator.is-style-dots){height:auto;line-height:1;text-align:center}:root :where(.wp-block-separator.is-style-dots):before{color:currentColor;content:"···";font-family:serif;font-size:1.5em;letter-spacing:2em;padding-left:2em}:root :where(.wp-block-site-logo.is-style-rounded){border-radius:9999px}:root :where(.wp-block-social-links .wp-social-link a){padding:.25em}:root :where(.wp-block-social-links.is-style-logos-only .wp-social-link a){padding:0}:root :where(.wp-block-social-links.is-style-pill-shape .wp-social-link a){padding-left:.66667em;padding-right:.66667em}:root :where(.wp-block-tag-cloud.is-style-outline){display:flex;flex-wrap:wrap;gap:1ch}:root :where(.wp-block-tag-cloud.is-style-outline a){border:1px solid;margin-right:0;padding:1ch 2ch}:root :where(.wp-block-tag-cloud.is-style-outline a):not(#_#_#_#_#_#_#_#_){font-size:unset;text-decoration:none}:root :where(.wp-block-table-of-contents){box-sizing:border-box}:where(.wp-block-term-description){box-sizing:border-box;margin-bottom:var(--wp--style--block-gap);margin-top:var(--wp--style--block-gap)}:where(pre.wp-block-verse){font-family:inherit}:root{--wp--preset--font-size--normal:16px;--wp--preset--font-size--huge:42px}html :where(.has-border-color){border-style:solid}html :where([data-amp-original-style*=border-top-color]){border-top-style:solid}html :where([data-amp-original-style*=border-right-color]){border-right-style:solid}html :where([data-amp-original-style*=border-bottom-color]){border-bottom-style:solid}html :where([data-amp-original-style*=border-left-color]){border-left-style:solid}html :where([data-amp-original-style*=border-width]){border-style:solid}html :where([data-amp-original-style*=border-top-width]){border-top-style:solid}html :where([data-amp-original-style*=border-right-width]){border-right-style:solid}html :where([data-amp-original-style*=border-bottom-width]){border-bottom-style:solid}html :where([data-amp-original-style*=border-left-width]){border-left-style:solid}html :where(amp-img[class*=wp-image-]),html :where(amp-anim[class*=wp-image-]){height:auto;max-width:100%}:where(figure){margin:0 0 1em}html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:var(--wp-admin--admin-bar--height,0px)}@media screen and (max-width:600px){html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:0px}}:root :where(.wp-block-image figcaption){color:#555;font-size:13px;text-align:center}:where(.wp-block-group.has-background){padding:1.25em 2.375em}:root :where(.wp-block-template-part.has-background){margin-bottom:0;margin-top:0;padding:1.25em 2.375em}amp-img.amp-wp-enforced-sizes{object-fit:contain}amp-img img,amp-img noscript{image-rendering:inherit;object-fit:inherit;object-position:inherit}.amp-wp-enforced-sizes{max-width:100%;margin:0 auto}html{background:#0a5f85}body{background:#fff;color:#353535;font-family:Georgia,"Times New Roman",Times,Serif;font-weight:300;line-height:1.75}p,figure{margin:0 0 1em;padding:0}a,a:visited{color:#0a5f85}a:hover,a:active,a:focus{color:#353535}.amp-wp-meta,.amp-wp-header div,.amp-wp-title,.amp-wp-tax-category,.amp-wp-footer p,.back-to-top{font-family:-apple-system,BlinkMacSystemFont,"Segoe UI","Roboto","Oxygen-Sans","Ubuntu","Cantarell","Helvetica Neue",sans-serif}.amp-wp-header{background-color:#0a5f85}.amp-wp-header div{color:#fff;font-size:1em;font-weight:400;margin:0 auto;max-width:calc(840px - 32px);padding:.875em 16px;position:relative}.amp-wp-header a{color:#fff;text-decoration:none}.amp-wp-header .amp-wp-site-icon{background-color:#fff;border:1px solid #fff;border-radius:50%;position:absolute;right:18px;top:10px}.amp-wp-article{color:#353535;font-weight:400;margin:1.5em auto;max-width:840px;overflow-wrap:break-word;word-wrap:break-word}.amp-wp-article-header{align-items:center;align-content:stretch;display:flex;flex-wrap:wrap;justify-content:space-between;margin:1.5em 16px 0}.amp-wp-title{color:#353535;display:block;flex:1 0 100%;font-weight:900;margin:0 0 .625em;width:100%}.amp-wp-meta{color:#696969;display:inline-block;flex:2 1 50%;font-size:.875em;line-height:1.5em;margin:0 0 1.5em;padding:0}.amp-wp-article-header .amp-wp-meta:last-of-type{text-align:right}.amp-wp-article-header .amp-wp-meta:first-of-type{text-align:left}.amp-wp-byline amp-img,.amp-wp-byline .amp-wp-author{display:inline-block;vertical-align:middle}.amp-wp-byline amp-img{border:1px solid #0a5f85;border-radius:50%;position:relative;margin-right:6px}.amp-wp-posted-on{text-align:right}.amp-wp-article-featured-image{margin:0 0 1em}.amp-wp-article-featured-image img:not(amp-img){max-width:100%;height:auto;margin:0 auto}.amp-wp-article-featured-image amp-img{margin:0 auto}.amp-wp-article-content{margin:0 16px}.amp-wp-article-content .wp-caption{max-width:100%}.amp-wp-article-content amp-img{margin:0 auto}.wp-caption{padding:0}.amp-wp-article-footer .amp-wp-meta{display:block}.amp-wp-tax-category{color:#696969;font-size:.875em;line-height:1.5em;margin:1.5em 16px}.amp-wp-footer{border-top:1px solid #c2c2c2;margin:calc(1.5em - 1px) 0 0}.amp-wp-footer div{margin:0 auto;max-width:calc(840px - 32px);padding:1.25em 16px 1.25em;position:relative}.amp-wp-footer h2{font-size:1em;line-height:1.375em;margin:0 0 .5em}.amp-wp-footer p{color:#696969;font-size:.8em;line-height:1.5em;margin:0 85px 0 0}.amp-wp-footer a{text-decoration:none}.back-to-top{bottom:1.275em;font-size:.8em;font-weight:600;line-height:2em;position:absolute;right:16px}.amp-wp-9f55261:not(#_#_#_#_#_){background-color:#0866ff}.amp-wp-0288613:not(#_#_#_#_#_){background-color:#1a1a1a}.amp-wp-1b3bec2:not(#_#_#_#_#_){background-color:#007bb5}.amp-wp-ce7eb4c:not(#_#_#_#_#_){background-color:#888990} /*# sourceURL=amp-custom.css */U.S. Bankruptcy Court Confirms Ravn Air Group Can Avoid Liquidation Through A Sale Process - Radio Kenai
Site icon Radio Kenai

U.S. Bankruptcy Court Confirms Ravn Air Group Can Avoid Liquidation Through A Sale Process

KSRM News Desk

The Honorable Brendan L. Shannon in the United States Bankruptcy Court for the District of Delaware Wednesday authorized Ravn Air Group to run a sales process for all or substantially all of its three airlines and their assets in parallel with  the consideration of the plan of liquidation that was initiated when the airline filed for Chapter 11 protection. Ravn’s filing on April 5th arose after it, like many other airlines around the world, experienced a 90% loss of passenger sales and revenue due to the impact of the COVID-19 Pandemic and subsequent passenger travel restrictions.

 

Judge Shannon established June 24, 2020 as the deadline for Ravn Air Group to receive bids for all or substantially all of its three airlines and other assets.

 

“This is great news for our creditors, our employees, and our customers who are eager to know the future of Ravn Air Group and how soon it will be before our airline can get back in the air and resume vital air service to 115 rural and urban communities that are currently struggling from non-existent or limited service following the requirement that we park our 72 aircraft.” said Dave Pflieger, Ravn’s President & CEO.

 

Before it filed for Chapter 11 protection on April 5, 2020, following a 90% drop in bookings and revenue due to the arrival of COVID-19 in Alaska, and a resultant state-mandated travel ban to slow the spread of the Pandemic, Ravn was Alaska’s largest regional air carrier.  The company and its three separate airlines were supported by over 1,300 employees, and it carried passenger, mail, freight, and charter customers to more than 115 destinations throughout Alaska.

Exit mobile version