SeaPort Airlines Cessna 208B Grand Caravan© SeaPort Airlines SeaPort Airlines Cessna 208B Grand Caravan
SeaPort Airlines (K5, Portland Int'l, OR) says it has voluntarily filed for Chapter 11 bankruptcy protection in a Federal Bankruptcy Court in Oregon.
In a statement, the carrier blamed its woes on an ongoing shortage of qualified flight personnel brought on by new US Federal Aviation Administration (FAA) regulations which require First Officers to have a minimum of 1,500 hours ATP experience to operate for a Part 121 airline.
"The announcement comes after the airline took a number of necessary steps to reduce its route network as a result of a national pilot shortage," it said.
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