Kenai Aviation announced Monday that it was ceasing all flight operations. The 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.

Since 2022, the airline has offered more than a dozen daily flights between Anchorage and the Kenai Peninsula, including to Kenai, Homer and Seward. Before Monday, it was one of three airlines serving the Kenai Municipal Airport, alongside Grant Aviation and Aleutian Airways, after Ravn pulled out of the region.

Joel Caldwell and his brother, Jacob Caldwell, purchased Kenai Aviation in 2018 . Neither immediately responded to requests for comment Monday.

On Facebook, Joel Caldwell said he was “devastated,” writing: “We need capital, we need partners, we ne

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