Ravn estimates that a liquidation would raise no more than $41 million. That would not be enough to pay the claims of the unsecured creditors, which include Anchorage-based Petro Star, GCI and Northern Air Cargo.
A News
Alaska reports 6 new coronavirus cases following prior day’s spike
The latest cases include five Alaskans: two from the Kenai Peninsula, two from the Anchorage area and one from Juneau.
Canada extends cruise ship ban through October, leaving little hope for Alaska’s delayed cruise ship season
The announcement extinguishes any chance of salvaging Alaska’s delayed cruise ship season.
Forestry plane with four aboard crashes at takeoff in Aniak
The injuries were “serious but not life-threatening.” Individuals were transported to hospitals in Anchorage.
Wrangell doesn’t want cruise ships to dock until it knows port communities will be safe from COVID-19
Wrangell is coordinating with a regional effort seeking assurances from operators of small cruise ships seeking to sail this summer.
University regents consider controversial merger of UAS as solution to ‘immediate and significant financial headwinds’
For years, UA has grappled with reduced state funding and lost tuition dollars as enrollment declines. Then came the coronavirus pandemic. It cut into the finances of the already-strained university system.
Dunleavy still pushing for second PFD payment to Alaskans
“We’re still going to pursue the dividend,” in the fall, Dunleavy said. “We still believe — especially during these times, right now — that Alaskans need cash, businesses need cash, entities need cash.”
Newscast — Thursday, May 28, 2020
In this newscast: There were 13 new confirmed cases of coronavirus in Alaska on Weds. May 27; The Juneau Assembly is nearing the end of its annual budget process with a notably brighter outlook than the one it started with; The head of a tribal consortium tasked with tackling transboundary issues is retiring; Faced with mounting budget deficits, University of Alaska leaders are proposing merging UA Southeast based programs into one of their other two campuses.
A Ketchikan man is vying to be the Democratic nominee to challenge Republican U.S. Senator Dan Sullivan in November.
WATCH: Special Juneau Assembly Meeting on child care relief and CARES Act funding
Juneau’s Assembly with meet to discuss COVID-19 mitigation and the out-of-state travel quarantine, federal CARES Act funding, child care relief and an ordinance requiring cloth face masks on Capital Transit buses.
No property tax increase for Juneau thanks to federal funds and a brighter financial outlook
The Juneau Assembly is nearing the end of its annual budget process with a notably brighter outlook than the one it started with.