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Squawks & Headlines ✈ General ✈ Popular (Recent)

  • 7

PenAir Ordered To Liquidate Over 'Quickly Deteriorating Cash Position'

Submitted
A year after filing for bankruptcy, PenAir has been ordered by a federal judge to sell off its assets in order to avoid a complete shutdown. The Anchorage-based airline owes at least $10 million to more than 200 creditors, including the State of Alaska, the City of Unalaska, and Alaska Airlines. (www.kucb.org) More...

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