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Aleutian and Argentum to Partner in Alaska Following Ravn Shutdown

Aleutian and Argentum Partner to Restore Air Service in Alaska Following Ravn Alaska Shutdown
Argentum Airways is set to expand its operations across Alaska through a strategic partnership with Aleutian Airways, aiming to address the critical transportation void left by the recent shutdown of Ravn Alaska. Operating under the Aleutian Airways brand, Argentum plans to deploy ATR 600-series turboprop aircraft and utilize the operating authorities of Silver Airways, pending approval from the U.S. Department of Transportation (DOT) and the Federal Aviation Administration (FAA).
Addressing Transportation Gaps in Alaska
Aleutian Airways has underscored the urgency of this expansion, highlighting the disruption caused by Ravn Alaska’s unexpected exit. Many Alaskan communities found themselves suddenly disconnected, prompting Aleutian Airways to step in with the goal of reestablishing safe, reliable, and essential air transportation throughout the state. Under the new partnership, Argentum Airways will focus on operating shorter, high-frequency routes within Alaska using ATR aircraft, while its sister company, Sterling Airways, will continue servicing the Aleutian chain with a fleet of six Saab 2000 aircraft.
This collaboration follows Argentum Acquisition Co. LLC’s purchase of Silver Airways’ assets during its Chapter 11 bankruptcy reorganization. Sterling Airways has already taken over the lease of one ATR42-600, registered as N406SV, from Silver Airways. This aircraft, leased from Azorra, is slated for deployment on Argentum’s new Alaskan routes. Looking ahead, the companies have indicated the potential addition of a 70-seat ATR72-600 to their fleet within the first year of operations, contingent on demand.
Regulatory and Market Challenges
In early August, Argentum Acquisition requested that the DOT register the trade names “Silver Airways” and “Aleutian Airways,” facilitating unified branding of operations alongside Sterling Airways under the Aleutian Airways name. However, securing new Essential Air Service (EAS) contracts from the DOT remains a critical challenge for maintaining vital connectivity to remote Alaskan communities.
The sudden departure of Ravn Alaska has sparked intense competition among regional carriers, each seeking to capture the newly available market share. This competitive environment is expected to influence pricing structures and service offerings as airlines adapt to the evolving landscape. Both Argentum and Sterling Airways are owned by Wexford Capital. Following the acquisition of its assets, Silver Airways ceased operations and entered liquidation under Chapter 7 bankruptcy proceedings.
As Aleutian and Argentum move forward with their plans to restore air links across Alaska, the state’s aviation market faces significant transformation, with prospects for enhanced connectivity alongside increased competition among regional carriers.

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