Bank seeks to liquidate RavnAir Group assets to cover debts

    ANCHORAGE, Alaska (AP) — Alaska’s largest rural airline is working to prevent a liquidation of its assets sought by a bank representing lenders seeking payment of $90 million in debt.

    Alaska’s Energy Desk reported RavnAir Group is touting $30 million in federal COVID-19 aid that the carrier said the government could grant if a potential buyer is found.

    Advertisements to sell the company have appeared in newspapers and a half-dozen potential buyers have signed non-disclosure agreements to review company data.

    French international bank BNP Paribas wants RavnAir’s airplane fleet sold off through a liquidation process that would permanently shutter the company.

    More from News of the North