ravn sale ad v2 - r hr › ... › ravn-sale-ad-v2-r-hr.pdf · fi nding a buyer, it intends to...

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FOR SALE* Ravn Air Group Alaska’s Largest & Most Vital Regional Airline Facts** • 72 aircraft • Over 1,300 employees • 750k annual passengers • $200M annual revenue • Twice IOSA certified*** * Any sale will require the consent of the debtor-in-possession (DIP) lenders and approval of the Bankruptcy Court. the Honorable Brendan L. Shannon in the United States Bankruptcy Court for the District of Delaware, under Case No. 20-10755, filed a motion, that, among other things, requests that in addition to a proposed liquidation, the Court approve proposed bidding procedures that Ravn will use to sell all, substantially all, or a substantial part of its assets. The Court will consider approval of the bidding procedures at a hearing on May 27. If approved, the bidding procedures will set June 17 become qualified as a bidder and get access to diligence materials, and for submitting a qualified bid, as well as other information about the bidding procedures, can be found in the motion, which may be obtained at Docket Number 197 through the website of Ravn’s claims and noticing agent at www.cases.stretto.com/ravnair. Also see www.FlyRavn.com for further information. ** Company facts and statistics are as of April 4, 2020, before Ravn’s COVID-19 shutdown and Chapter 11 filing. If Ravn is successful in finding a buyer, it intends to resume operations later this summer. *** IOSA is the International Air Transportation Association’s (IATA) Safety and Operational Audit. Safety audits were conducted May 2018 and March 2020. For Information Contact: [email protected]

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Page 1: Ravn Sale Ad v2 - R HR › ... › Ravn-Sale-Ad-v2-R-HR.pdf · fi nding a buyer, it intends to resume operations later this summer. *** IOSA is the International Air Transportation

FOR SALE*Ravn Air Group

Alaska’s Largest &Most Vital Regional Airline

Facts**• 72 aircraft• Over 1,300 employees• 750k annual passengers• $200M annual revenue• Twice IOSA certifi ed***

• Over 1,300 employees

* Any sale will require the consent of the debtor-in-possession (DIP) lenders and approval of the Bankruptcy Court.

the Honorable Brendan L. Shannon in the United States Bankruptcy Court for the District of Delaware, under Case No. 20-10755, fi led a motion, that, among other things, requests that in addition to a proposed liquidation, the Court approve proposed bidding procedures that Ravn will use to sell all, substantially all, or a substantial part of its assets.

The Court will consider approval of the bidding procedures at a hearing on May 27. If approved, the bidding procedures will set June 17

become qualifi ed as a bidder and get access to diligence materials, and for submitting a qualifi ed bid, as well as other information about the bidding procedures, can be found in the motion, which may be obtained at Docket Number 197 through the website of Ravn’s claims and noticing agent at www.cases.stretto.com/ravnair. Also see www.FlyRavn.com for further information.

** Company facts and statistics are as of April 4, 2020, before Ravn’s COVID-19 shutdown and Chapter 11 fi ling. If Ravn is successful in fi nding a buyer, it intends to resume operations later this summer.

*** IOSA is the International Air Transportation Association’s (IATA) Safety and Operational Audit. Safety audits were conducted May2018 and March 2020.

For Information Contact: [email protected]