North America

SeaPort Airlines Ceases Operations and Converts to Chapter 7 Bankruptcy

SeaPort Airlines
SeaPort Airlines

Portland, Oregon-based SeaPort Airlines announced that it is ceasing all operations at the close of business on September 20, 2016.

The airline made a motion yesterday to convert is bankruptcy proceedings from Chapter 11 to Chapter 7 of the U.S. bankruptcy code.

Tim Sieber, president of SeaPort Airlines, said:

“This is a very sad day for our employees, shareholders, and the communities we serve. I would like extend my heartfelt appreciation to the employee team that I have been honored to lead and who delivered industry leading operational performance. While we made great strides, a successful financial reorganization did appear possible and we were forced to make the difficult decision to cease operations.”

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