Last month a judge in Oregon ordered SeaPort Airlines’ Chapter 11 bankruptcy to be converted to Chapter 7 liquidation. SeaPort has effectively shut its doors, grounding all flights and ending its reorganization efforts.
The Portland-based airline attempted to reorganize after filing for Chapter 11 in February, but it lost a key contract and a line of credit, so could not continue in business.
“This is a very sad day for our employees, shareholders, and the communities we serve,” SeaPort Airlines President Tim Sieber said in a statement on the company’s official website. “I would like to extend my heartfelt appreciation to the employee team that I have been honored to lead and who delivered industry leading operational performance. While we made great strides, a successful financial reorganization did appear possible and we were forced to make the difficult decision to cease operations.”
SeaPort Airlines opened in 2008 and took its name from the Portland to Seattle route that it flew regularly. Since opening, it expended to Memphis, Tennessee, and added other new routes using Cessna 208 Grand Caravan turboprop aircraft.
The Ritz-Carlton Maui, Kapalua recently announced the final phase of a $100 million resort-wide transformation, set to be unveiled by the end of 2022. Located across 54 acres of pristine, wide-open space overlooking Honokahua Bay, The Ritz-Carlton Maui, Kapalua is a sanctuary for guests seeking a luxurious escape.
Global business travel is making its way back, even as the pandemic and other world events continue to challenge its return. In a recent poll from the Global Business Travel Association, more than four in five respondents (86 percent) from across the industry said they feel more optimistic than they did at the beginning of the year. Business travel bookings, the need to travel to do business and employee willingness to travel are all on the rise.
Banyan Tree Group recently announced its first-ever expansion into Japan with five new properties across four concepts. The hospitality group’s partnership with Wealth Management Group saw Dhawa Yura and Garrya Nijo Castle launch in June, with two more properties slated to open now through 2026. Another partnership with Terraform Capital sees plans to build Cassia, a property in the ski resort of Niseko.
Wilderness Reserve, an 8,000-acre estate of historic and charming properties, woodlands and lakes, invites visitors to its newly launched YOXMAN, a three-day, Michelin-starred dining experience. Four United Kingdom chefs come together to prepare an array of different cuisines throughout the weekend, and guests are treated to plenty of entertainment throughout the experience.
United Airlines remains firmly committed toward sustainability in aviation. The latest development in its eco-conscious goals includes working with Oxy Low Carbon Ventures to commercialize the production of sustainable aviation fuels (SAF) with biotech firm Cemvita Factory. Cemvita looks to develop a revolutionary new way to produce SAF by using carbon dioxide and synthetic microbes. Additionally, United Airlines Ventures (UAV) recently announced an equity investment in Fulcrum, and United has invested more in SAF production than any other airline in the world.
Rosewood Hotels & Resorts adds to its growing collection with Rosewood Hotel Bauer, slated to open in Venice in 2025. Led by Venice-based architect Alberto Torsello and interior design group BAR Studio, the property will lie in the city’s historic San Marco district.