According to an SEC filing, Harbor Diversified, the owner of Air Wisconsin, has entered into a non-binding letter of intent to sell the airline. The proposed transaction would transfer Air Wisconsin's air carrier certificate, aircraft fleet, and related equipment to the buyer.

"The Company is evaluating the Proposed Transaction as part of its ongoing assessment of strategic alternatives for Air Wisconsin and its related operations," Harbor Diversified stated in the filing.

The deal structure includes an initial cash payment and buyer notes, with specific financing arrangements for aircraft acquisitions and parts inventory. However, the definitive terms and aggregate value remain subject to additional negotiations.Workforce reduction announced

Air Wisconsin informed all 253 employees of

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