Court approves purchase of PenAir assets by J.F. Lehman

J.F. Lehman & Company has announced its bid for PenAir´s assets has been approved by the court overseeing PenAir´s bankruptcy proceedings, the company said.

As the owner of Ravn Air Group, J.F. Lehman & Co.´s acquisition of PenAir will protect a substantial majority of company jobs, ensure continuity of operations and service to all PenAir routes, and create stability and better travel opportunities throughout the state.

PenAir will keep its current name and continue to operate as a separate company under a separate FAA certificate as a subsidiary of Ravn Air Group, which will now have an enhanced ability to serve the state of Alaska.

Ravn Air Group is headquartered in Anchorage and supported by over 1,000 employees. Ravn operates a fleet of almost 70 aircraft on more than 400 flights per day (almost 3,000 flights a week).

PenAir is the only airline operating scheduled passenger service with the Saab 2000. PenAir currently serves six communities in southwest Alaska. PenAir is among the first air carriers in the United States to have received approval by the FAA for its Safety Management System (SMS).