Ravn Air Group Has Successfully Sold its Two Part 121 Airlines (RavnAir Alaska and PenAir)

Approval for the sale of all 12 lots of Ravn Air Group assets was granted today at the final Bankruptcy Court hearing - including, in a last minute turn of events, Ravn Air Group's two Anchorage- based Part 121 passenger air carriers ("RavnAir Alaska" and "PenAir") which were sold as a "going concern" along with many of the assets of these two companies. The successful bidder of RavnAir Alaska and PenAir was FLOAT Shuttle, a Los Angeles-based air commuter service.