[ News ]August 8, 2017 6:12 am ET

PenAir Files for Chapter 11 Bankruptcy Following 62 Years of…
Anchorage, Alaska-based regional carrier, Peninsula Airways, commonly referred to as PenAir, has filed for Chapter 11 bankruptcy protection as of Sunday, August 6. Chapter 11 gives companies temporary protection from its creditors, giving them the opportunity to restructure their finances and organization. The airline, which is one of Alaska's largest…