SeaPort files for Chapter 11 reorganisation

tSeaPort Airlines has filed a voluntary petition for Chapter 11 reorganisation in the US Bankruptcy Court for the District of Oregon after the board of directors concluded it will allow the carrier to achieve long-term viability while maintaining its ability to provide air service to customers and communities.ttThe announcement comes after the airline took a number of necessary steps to reduce its route network as a result of a national pilot shortage.ttSeaPort has also announced that president and CEO Rob McKinney has resigned and executive vice president, Timothy Sieber, has been elected as president of the company. Sieber joined SeaPort in July 2011 and has over 25 years of experience in the airline industry.tt“The difficult decision to file for bankruptcy protection was necessary to preserve the future of our airline. I am confident we will come out the other side of reorganisation with a financially stronger airline in a better position to handle the challenges of the industry and provide the quality service our customers, employees and partners deserve,” announced Tim Sieber, president of SeaPort Airlines. “Our customers are first and foremost our top priority as we work towards our goals of building a better, more sustainable airline. We’re moving forward, one flight at a time, by focusing on delivering on our core promise to each customer of getting them to their destination safely and on-time.”ttDuring the Chapter 11 reorganisation, SeaPort Airlines has said it expects to continue to provide employee wages, healthcare coverage, PTO, and travel benefits without interruption; pay vendors for goods and services received during the reorganisation process; operate a full schedule of flights; honour existing tickets and reservations and provide refunds and exchanges per our contract of carriage; and maintain interline agreements with Alaska Airlines and Hawaiian Airlines.t

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