Airline plans bonus for CEO after declaring bankruptcy and laying off hundreds

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Alaska’s largest rural airline on Thursday filed a petition in Delaware bankruptcy court seeking approval to issue up to a quarter of a million dollars to current and former employees as the company sells its assets.In a court case first reported by Alaska Public Radio (APR), RavnAir Group justified the proposed bonuses by noting that the sale of the company’s assets is expected to bring in $ 55 million, far more than previously expected. and highlighted the current work. and former executives had done to close the sale.

The current CEO of the company, Dave Pflieger, is among those listed to receive bonuses, but it is not clear how much he could get. The airline wants to share the $ 250,000 bonus offered between Pflieger and other employees.

If approved, the bonuses would come even as executives questioned why some of the airline’s biggest planes were being sold to a California-based company for less than some competitors offered, according to APR.

“We will pay more than what FLOAT paid. If we get the chance, we’ll outbid them today, ”the CEO of an Alaska-based company told APR of the sale to the California-based company. “But we were excluded from this process. Why? We do not know.

RavnAir has so far laid off more than 1,000 employees as part of its bankruptcy process and awarded its CEO more than $ 1.4 million in wages and other payments over the past year, according to MPR.



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