Kenai Aviation Suspends All Operations Amid Financial Insolvency

US's Kenai Aviation suspends operations due to debt

Kenai Aviation (KNW, Kenai) suspended all flight operations on November 3, 2025, buckling under a post-COVID debt burden that it was no longer able to service. "We are financially insolvent," owner Joel Caldwell said in a statement. "COVID gave us a debt load that we haven't been able to get back on top of. Carrying that burden increased the effects of every obstacle that we’ve had to navigate. When our plane was grounded for maintenance and not…

Kenai Aviation suspends service in Alaska citing financial woes

This story was co-reported with KDLL's Ashlyn O'Hara Regional airline Kenai Aviation announced Monday (11/3) that it was ceasing all flight operations. The Kenai-based company said in a Facebook post it was “financially insolvent” after accruing debt during the pandemic, and would stop flying by the end of the day.  Joel Caldwell and his brother, Jacob Caldwell, purchased Kenai Aviation in 2018. Neither immediately responded to requests for comm…

Kenai Aviation suspends all operations amid financial insolvency

Kenai Aviation has halted all flights out of Kenai and Anchorage, citing financial insolvency. The longtime air service, founded in 1961, is seeking investors to stay afloat.