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Alaska's RavnAir may face bankruptcy fight over jets grounded by coronavirus

Apr 07, 2020 - Nasdaq

B y Yereth Rosen ANCHORAGE, April 7 (Reuters) - Alaska's North Slope Borough government has moved to seize the assets of RavnAir Group after it declared bankruptcy due to the coronavirus, aiming to protect its region's air service but also setting up a potential legal battle with the airline's lender. Ravn, Alaska's largest regional carrier, filed for Chapter 11 bankruptcy and halted operations on Sunday after running out of cash due to the plunge in travel caused by the pandemic, threatening ...