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  6. Ravn Air Acquires PenAir

M&A Deal Summary

Ravn Air Acquires PenAir

On October 5, 2018, Ravn Air acquired airliner PenAir

Acquisition Highlights
  • This is Ravn Air’s 1st transaction in the Airlines sector.
  • This is Ravn Air’s 1st transaction in the United States.
  • This is Ravn Air’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2018-10-05
Target PenAir
Sector Airlines
Buyer(s) Ravn Air
Deal Type Add-on Acquisition

Target

PenAir

Anchorage, Arkansas, United States
Peninsula Airways, Inc. is an airline operating scheduled passenger service with the Saab 2000. PenAir currently serves six communities in southwest Alaska. PenAir is among the first air carriers in the United States to have received approval by the FAA for its Safety Management System (SMS).

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Buyer(S) 1

Buyer

Ravn Air

Anchorage, Alaska, United States
Category Company
Sector Airlines
DESCRIPTION

Ravn Air is a provider of regional air transportation and logistics services in the state of Alaska. Ravn Air is based in Anchorage, Alaska.

DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Arkansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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