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Ravn is a leading provider of regional air services in Alaska, employing over 1,000 employees in the state, has a fleet of almost 70 aircraft, which provides passenger, freight, and charter air transportation services to over 115 destinations throughout Alaska.
"This is a big win for Ravn Air Group, as well as for PenAir and all of our team members, customers, and Alaska communities," said Dave Pflieger, President and CEO of Ravn. "The two companies coming together provides an incredible opportunity to better connect Alaska, with the ability to provide broader, more reliable, and more consistent service."
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"The acquisition of PenAir represents another successful step in expanding Ravn's unique service offering and enables us to better serve the residents and businesses of Alaska," said Alex Harman, Partner at JFLCO. "PenAir's exceptional safety culture and talented group of employees represent a strong fit, and we are pleased to welcome them to Ravn Air Group," added Will Hanenberg, Principal at JFLCO. JFLCO is J.F. Lehman & Company, Inc, a private equity firm based in New York
Ravn Air Group has been at the centre of at least 28 deaths in a series of accidents and crashes since 1987.