Alaska's RavnAir bankruptcy while awaiting government aid shows regional airlines' challenges

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RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.

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WASHINGTON/CHICAGO: RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not arrive before it ran out of cash in the midst of an"astonishing" decline in bookings and revenue due to the coronavirus.

The Trump administration is weighing applications from numerous airlines as it considers how to distribute as soon as this week up to US$32 billion for passenger and cargo carriers and airport contractors under the CARES Act meant to help the sector cover payroll costs. Many of RavnAir's customers fly on Medicaid-subsidized tickets, it said, while other key customers include companies in industries like oil & gas, mining, and tourism where business is suffering. In addition, by mid-March it was receiving demands from rural hubs and villages around Alaska not to fly passengers to or from their communities, it said in a court filing.

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