Particle.news
Download on the App Store

New Pacific Airlines Shuts Down After Two Turbulent Years

The closure caps a startup whose Anchorage-to-Asia strategy collapsed under Russia overflight restrictions.

Overview

  • Employees were notified on November 26 via an internal email from CEO Thomas Hsieh that operations were ending immediately.
  • The email stated W-2 staff would be paid through November 27 and promised to bring traveling employees home.
  • New Pacific halted scheduled passenger flights in April 2024 and pivoted to sports and corporate charters with 78-seat business-class Boeing 757s.
  • An affiliated in-state brand, Ravn Alaska, ceased operations in August 2025, removing additional support for the venture.
  • A partnership announced in early November with Maldives-based BeOnd for a U.S. all-premium service now appears on hold following the shutdown.