Northern Pacific Airways has acquired another Boeing 757-200 aircraft from AerSale as the start-up, low-cost airline continues to grow its fleet ahead of its scheduled launch of operations later this year. The company has also sourced external financing for its initial aircraft acquisitions.
Northern Pacific will operate trans-pacific, connecting US cities including New York, Orlando, Las Vegas and Los Angeles with cities in Japan and Korea via its hub in Anchorage, Alaska. Long term, the goal is to develop the market for multiday stopovers at no additional cost, including using domestic flights on sister airline Ravn Alaska.
The airline recently unveiled its new livery and also plans to introduce innovative incentives, from cryptocurrency frequent flyer programs to stopovers in Alaska.
Longer term, Northern Pacific plans service to other Asian destinations using new-technology aircraft. The company plans on scaling up to 50 aircraft within five years.
“We are appreciative of the assistance and guidance Vinson & Elkins has offered us as we build the next era of transpacific travel,” said Rob McKinney, CEO of Northern Pacific.
Vinson & Elkins acts as counsel to the airline.
Vinson & Elkins partner David Berkery commented, “It’s an exciting time for the team at Northern Pacific as the launch fleet begins to take shape and it is no surprise that lenders are interested in their story.”