Alaska's Hageland Aviation Services eyes mid-2Q21 restart

Would-be investor drops Alaska's Hageland Aviation Services

Hageland Aviation Services (Saint Mary's) has withdrawn a notice of intent to resume operations after its new owner lost interest after failing to sell off the defunct Alaskan carrier.

Hageland’s legal counsel Mark W. Atwood said in a regulatory notice filed with the US Department of Transportation (DOT) that the airline’s owner, supply chain solutions provider, Ascent Global Logistics (AGL), had attempted to sell Hageland to a prospective buyer, but those negotiations had ended. “AGL has expended money and effort to preserve Hageland as a going concern and return it to service, but has decided not to pursue the resumption of flight operations given the additional expense involved,” he said.

Hageland thus has no objection to the DOT’s dismissal of its January 7, 2021, application to restart operations. It requested that the DOT end its ongoing proceedings to determine Hageland’s operational fitness.

In view of the withdrawal notice, Hageland also did not intend to address claims by Tatonduk Outfitters Ltd. d/b/a Everts Air Alaska (5V, Fairbanks International), which on August 9,...

Alaska's Hageland Aviation Services to be sold - again

US supply chain solutions provider Ascent Global Logistics is trying to sell its holding of defunct Alaskan regional carrier Hageland Aviation Services (Saint Mary's) - therefore, its attempt to restart the carrier under a different brand should be dismissed.

This is according to a second motion filed on August 9, 2021, by Everts Air Alaska (5V, Fairbanks International) with the US Department of Transportation (DOT) to have Hageland’s certificates of public convenience and necessity revoked and its application to resume operations dismissed. Its first motion on April 20, 2021, had not been ruled upon, but Everts Air asserted that “recent events have shown that dismissal is the only reasonable way to proceed with the Hageland application”.

Hageland Aviation and Frontier Flying Service (Fairbanks International) ceased all services on April 4, 2020, when their parent company, RavnAir Group, declared bankruptcy. The companies have been dormant for just over 16 months. As reported, Ascent Global Logistics in late November 2020 acquired defunct Hageland. On January 7, 2021, an application...

Logistics firm to invest $10mn in GlobalX

Global Crossing Airlines Group has announced that it will benefit from a USD10 million financing in the form of an equity offering to be purchased in whole by Ascent Global Logistics, a supply-chain solutions provider in the United States air charter space.

Ascent will acquire two million units in the company, each unit consisting of one share of common stock and one warrant, at a price of USD1.29 each for proceeds of USD2.58 million, the GLOBALX (G6, Miami International) parent outlined in a statement on April 21. Each warrant entitles the holder to buy an additional share for USD1.50 for a period of 60 months after closing.

Ascent will also subscribe for and purchase 5,537,313 units at a price of USD1.34 per unit, for gross proceeds of USD7.42 million. Units in this round will contain one non-voting Class A common share and one warrant with the same terms as above.

Proceeds from the offering will be used, in the words of Ed Wegel, GlobalX’s chairman and chief executive, “to accelerate our growth with additional A320s...

Austrian Airlines sells three B767s to MDI

Austrian Airlines (OS, Vienna) has announced it has found a buyer for three of its B767-300ERs - Texan aircraft, engines, and parts trader MonoConque Diversified Investments (MDI).

The first of the three Boeing widebodies, OE-LAT (msn 25273), is scheduled to ferry to Marana in early March 2021. The 29.5-year-old aircraft is the oldest of Austrian Airlines' six B767-300(ER)s and has been inactive and parked at Vienna airport since January 9, 2021.

The flag carrier said the second B767 to be ferried to the United States will be OE-LAX (msn 27095), which is the second-oldest at 28.3 years of age. The redelivery flight is scheduled for May 2021. The third B767 is OE-LAW (msn 26417) although the airline did not provide an expected retirement date. Both OE-LAX and OE-LAW continue to be active on revenue operations, although with very low utilisation.

Austrian Airlines plans to continue operating its other three B767-300(ER)s, which are markedly younger (20.4, 21.6, and 22.2 years old, respectively). It owns all six aircraft, according to the ch-aviation...