Regional air carrier Kenai Aviation announces immediate shutdown

Regional air carrier Kenai Aviation announces immediate shutdown

The airline’s owner said Monday that the company was struggling under a debt burden that had become untenable.

Alaskan Air Carrier Faces Collapse

Regional Alaskan air carrier Kenai Aviation has ceased all operations effective immediately, citing financial insolvency. The Alaska-based airline, which provided scheduled and charter flights across Southcentral and Western Alaska, announced the shutdown Monday through a statement on social media. Owner Joel Caldwell wrote that while Kenai Aviation had seen strong operations and full flights, the Alaskan air carrier was “financially insolvent.”…