By Associated Press - Tuesday, September 20, 2016

PORTLAND, Ore. (AP) - Portland-based SeaPort Airlines has grounded its flights as it faces bankruptcy liquidation.

The Oregonian/OregonLive reports (https://goo.gl/LIWctk) a judge on Tuesday ordered the airline’s Chapter 11 bankruptcy to be converted to a Chapter 7 liquidation effective Wednesday.

The airline’s attempt to reorganize buckled this month after the airline learned it would lose a key contract and a line of credit helping keep it afloat.



An attorney for the airline’s creditors said the fleet would be grounded by 6 p.m. Tuesday. A Portland International Airport spokeswoman confirmed SeaPort would cease operations.

A spokeswoman for the airline couldn’t be immediately reached.

SeaPort, which primarily operates out of its Portland and Memphis hubs, filed for Chapter 11 bankruptcy protection in February.

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Information from: The Oregonian/OregonLive, https://www.oregonlive.com

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