Bankrupt Alaska airline seeks bonus for its chief executive
The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court, arguing that the bonuses are justified because of long hours and the hard work that went into selling the company’s assets after it shut down during the coronavirus pandemic, Alaska Public Radio reported. The final sale of all the assets is expected to generate more than $55m, exceeding what the company anticipated. CEO Dave Pflieger has already collected $1.4m in salary, bonuses and expense payments over the past year. It is unclear how much of the $250,000 would go to Pflieger and to the other employees. Pflieger was not involved in conversations about his own potential bonus, but did participate in discussions about them for other employees, company officials said. The state of Alaska and the aviation industry have questioned why the company agreed to sell several of its big planes and two of its operating certificates to California-based FLOAT Shuttle, when other companies offered to pay more money for the same assets.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-08-14/unaligned/bankrupt-alaska-airline-seeks-bonus-for-its-chief-executive
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Bankrupt Alaska airline seeks bonus for its chief executive
The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court, arguing that the bonuses are justified because of long hours and the hard work that went into selling the company’s assets after it shut down during the coronavirus pandemic, Alaska Public Radio reported. The final sale of all the assets is expected to generate more than $55m, exceeding what the company anticipated. CEO Dave Pflieger has already collected $1.4m in salary, bonuses and expense payments over the past year. It is unclear how much of the $250,000 would go to Pflieger and to the other employees. Pflieger was not involved in conversations about his own potential bonus, but did participate in discussions about them for other employees, company officials said. The state of Alaska and the aviation industry have questioned why the company agreed to sell several of its big planes and two of its operating certificates to California-based FLOAT Shuttle, when other companies offered to pay more money for the same assets.<br/>
