Research analysts covering HARBOR DIVERSIFIED.
Recent press releases and 8-K filings for HRBR.
Harbor Diversified Completes Asset Sale and Announces Strategic Review
HRBR
M&A
Management Change
New Projects/Investments
- Harbor Diversified, Inc. completed the sale and disposition of assets on January 9, 2026, for approximately $110 million, after which the company has no material operating assets or infrastructure to support an airline.
- The company's primary assets are now cash, cash equivalents, restricted cash, and marketable securities, and the Board is evaluating strategic alternatives, including investments in or acquisitions of businesses, assets, technologies, joint ventures, or other strategic opportunities, as well as potential cash dividends or liquidation.
- Gregg Garvey was appointed Executive Vice President, Chief Financial Officer, and Treasurer, and Chad Schimmelpfenning was appointed Executive Vice President and Chief Legal Counsel, both effective January 9, 2026.
- The company is not currently in compliance with its SEC reporting obligations and intends to regain compliance, though there is no assurance as to the timing.
Jan 16, 2026, 2:58 PM
Harbor Diversified Enters LOI for Air Wisconsin Sale, Announces Workforce Reduction and CFO Change
HRBR
M&A
Layoffs
CFO Change
- Harbor Diversified, Inc. entered a non-binding letter of intent on August 29, 2025, to sell AWAC Aviation, Inc., the direct parent of Air Wisconsin Airlines LLC, to Premier Shuttle Holdings, LLC, which includes the transfer of Air Wisconsin's operating assets.
- Air Wisconsin informed 253 employees of a workforce reduction plan on August 29, 2025, with actions potentially taking effect on or after October 28, 2025. The company is currently unable to estimate the associated costs.
- Liam Mackay resigned as Air Wisconsin's Chief Financial Officer, effective September 5, 2025, and Gregg Garvey was appointed as his successor, effective September 1, 2025, with his base salary increasing to $255,000.
Sep 3, 2025, 9:40 PM
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