Filing Alert: New Pacific Airlines Parent Chapter 11
Float Alaska LLC, an Anchorage, AK-based aviation holding company that owns and operates New Pacific Airlines, filed for Chapter 11 protection on January 26,...
Float Alaska LLC and its debtor affiliates⁽¹⁾, an Anchorage, AK-based aviation holding company that owns and operates New Pacific Airlines, filed for Chapter 11 protection on Jan. 26 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $1 million to $10 million in assets and $10 million to $50 million (affiliates report liabilities of up to $100 million to $500 million) in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-10075.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Paige N. Topper
Saul Ewing LLP
Email: paige.topper@saul.com
Financial Advisor:
- Sherwood Partners, Inc.
Sales Agent:
- Sage-Popovich, Inc.
Signatories:
- Thomas Hsieh – Manager