New Pacific Airlines’ fleet of Boeing 757s to be auctioned off
March 10, 2026
Three Boeing 757s formerly operated by defunct US carrier New Pacific Airlines are to be auctioned off as part of the company’s bankruptcy process.
The aircraft, along with the airline’s operating certificate, will be sold at an auction on 18 March as the liquidation process of the company’s remaining assets concludes.
Three New Pacific Airline Boeing 757s to be sold at auction
New Pacific Airlines’ remaining fleet of three Boeing 757-200s, along with the carrier’s Part 121 Air Operator’s Certificate (AOC), will be auctioned on 18 March following the bankruptcy of its parent company, FLOAT Alaska.
The aircraft have been parked in the California desert since the airline suddenly ceased operations on 26 November 2025.
As reported by Aviaciononline, the liquidation of remaining assets belonging to FLOAT Alaska LLC, the parent company of the now-defunct New Pacific Airlines and Ravn Alaska, is entering its final phase.
Having appointed aviation asset management firm Sage-Popovich to handle the sale of the assets, the airline’s three Boeing 757-200s, along with its Federal Aviation Administration Part 121 AOC, will go under the hammer on 18 March. Included in the auction process is an inventory of spare parts for the 757s, along with tools and other accessories.
According to Sage Popovich, any parties interested in participating in the auction process have until 16 March to qualify as a bidder for any of the assets, once a confidential agreement has been signed.
The upcoming auction represents the final stage of FLOAT Alaska’s liquidation following its filing for Chapter 11 bankruptcy protection in January 2026, with debts reported to be around $90 million.
Details of the New Pacific Airlines Boeing 757 fleet
At the time of writing, the trio of aircraft being auctioned off will be the last three Boeing 757-200s that the company operated at the time of its demise. The aircraft that are to be sold are currently stored at the Mojave Air and Space Port (MHV) in the California desert.
The aircraft are all originally US Air machines, and include:
- N627NP (MSN 27808): Boeing 757-223 formerly N630AU, now 31 years old
- N628NP (MSN 27809): Boeing 757-223 formerly N631AU, now 30-9 years old
- N629NP (MSN 27810): Boeing 757-223 formerly N632AU, now 30.8 years old.
While the first two aircraft are being sold complete with their Rolls- Royce RB211-535E4 turbofan engines, N629NP is reported to be engineless, having been cannibalised to keep its two sisterships airworthy.
The aircraft are each listed as accommodating 181 passengers in a two-class configuration – 16 in business class and 165 in economy class.
New Pacific’s operating certificate is also being sold off
In addition to the aircraft and the spares inventory, the main other draw of the assets being auctioned is the FAA Part 121 operating certificate.
This document is the legal permit granted by the Federal Aviation Authority to allow a carrier to operate as a scheduled commercial airline. Normally, obtaining a new certificate can take up to two years and generally requires a multimillion-dollar investment in manuals, training, and FAA safety audits to be granted.
By including the Part 121 certificate in the auction, any potential buyer could dramatically shorten the time required to launch a new airline or grow an existing charter or cargo carrier and expand it into scheduled passenger operations almost overnight.
Qualified bidders will be able to bid for the entire set of assets or on an individual basis. Any monies raised by the bankruptcy court-appointed auctioneer from the sale of the aircraft, equipment, or AOC will go towards the recovery of as much capital as possible to settle debts owed to creditors of FLOAT Alaska.
A brief history of New Pacific Airlines
FLOAT Alaska’s history began in 1948 with the start of Economy Helicopters. For over seven decades, the company evolved through brands like Era Aviation and Era Alaska, establishing itself as the leading provider of essential air services across the state of Alaska. The airline eventually became known as Ravn Alaska and flew a fleet of De Havilland DHC-8s on remote air routes across the state.
However, in 2020, Ravn Alaska had to be rescued from bankruptcy due to mounting losses incurred during the pandemic. FLOAT Shuttle, a commuter airline based in California bough the company and from the ashes of Ravn’s two Part 121 airlines (Corvus Airlines and PenAir), Northern Pacific Airlines was formed.
Originally named Northern Pacific Airways but later renamed New Pacific Airlines after a trademark dispute with the Northern Pacific Railroad Company, the company’s intention was to emulate Icelandair’s connectivity model by using Alaska as a bridge between Asia and North America with its fleet of four Boeing 757-200s. However, with the closure of Russian airspace following that country’s invasion of Ukraine in 2022, the company was compelled to rethink this strategy.
In July 2023, it launched its first scheduled passenger flights, hopping between Las Vegas and Ontario, CA. Later in the year, it added Reno and Nashville to the route network. However, by March 2024, it had withdrawn from scheduled services altogether and had been concentrating on charter operations, with its 757s configured in an all-VIP layout of 78 seats.
However, having continued to incur substantial losses throughout its short history, the airline announced it was ceasing all operations in November 2025, would be filing for bankruptcy and was laying off all its staff immediately.
The announcement came just days after the company had said it was teaming up with luxury carrier BeOnd to set up a new luxury US airline.
Featured image: New Pacific Airlines
