SeaPort Airlines, Inc. Ceases Operations and Converts to Chapter 7 Bankruptcy

SeaPort Airlines, Inc. Ceases Operations and Converts to Chapter 7 Bankruptcy

FOR IMMEDIATE RELEASE: September 20, 2016

 SeaPort Airlines, Inc. Ceases Operations and Converts to Chapter 7 Bankruptcy

PORTLAND, ORE.  (September 20, 2016) – Portland, Oregon-based SeaPort Airlines, Inc. announced that it is ceasing all operations at the close of business on September 20, 2016. The airline made a motion today to convert is bankruptcy proceedings from Chapter 11 to Chapter 7 of the U.S. bankruptcy code.

Tim Sieber, president of SeaPort Airlines, said, “This is a very sad day for our employees, shareholders, and the communities we serve.  I would like extend my heartfelt appreciation to the employee team that I have been honored to lead and who delivered industry leading operational performance. While we made great strides, a successful financial reorganization did appear possible and we were forced to make the difficult decision to cease operations.”

Customers with tickets on SeaPort Airlines that were purchased with MasterCard or VISA credit cards may apply for a refund through their credit card company. Customers using other credit cards must inquire at their respective credit card companies about refunds.

 

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