The Anchorage-based airline says it was largely barred from a government loan program that is sending billions of dollars to bigger carriers
Ravn Air Group Inc. said it would receive a fraction of the government loans it requested to weather the coronavirus, lowering its odds of emerging from bankruptcy protection as a viable business.
The Anchorage, Alaska-based airline, which filed for chapter 11 protection in early April, painted a bleak picture of its chances for survival in court papers filed Sunday, saying it believed its request for taxpayer-supported relief under the coronavirus relief bill “will not be granted in the amounts requested.”
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