Alaska-based regional airline files for bankruptcy
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It came as a shock to me last week that PenAir, a regional airline based in Alaska, was ending it’s Portland-Arcata route. The route was supposedly profitable. They were the only competition against United at our local airport, which is badly in need of another airline as of now.
However, the news got way worse the next day: PenAir is filing for chapter 11 bankruptcy. As part of that, they are seeking to end all their routes in the Pacific Northwest and at their Denver hub.
What this means
Peninsula Airways, known as PenAir, is primarily a carrier on government-subsidized routes that are essential air service (EAS) communities. Lately, PenAir has been trying to expand its horizons to other routes, including one to my own little local airport, an effort that was…