Peninsula Airways Files for Bankruptcy as New Hubs Fall Flat

Peninsula Airways Inc., a family-run carrier based in Alaska, has filed for Chapter 11 bankruptcy after its recent expansion to other U.S. hubs disappointed (In re Peninsula Airways, Inc, Bankr. D. Alaska, No. 17-00282).

The company, which is known as PenAir and shares some regional flights with Alaska Airlines Inc., plans to discontinue flights from hubs in Denver and Portland, Oregon that it started within the last two years, according to a court filing. PenAir will keep its “successful” Boston-based routes, including one to Bar Harbor, Maine, the filing said. The petition in Anchorage court listed around $24 ...