Update (Jan. 26, 2026): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Float Alaska LLC.
Float Alaska LLC and its debtor affiliates⁽¹⁾, an Anchorage, AK-based aviation holding company that owns and operates New Pacific Airlines, filed for Chapter 11 protection on Jan. 26 in the U.S. Bankruptcy Court for the District of Delaware.
The debtors’ financial distress was driven by a confluence of geopolitical disruptions, including the closure of Russian airspace, a pilot shortage that eroded its Alaskan regional business, and unsustainable losses from a pivot to charter operations…