Another low-cost airline suddenly shuts down

Passengers and employees were dealt a harsh blow the day before Thanksgiving when they learned that New Pacific Airlines would be abruptly shutting down—effective immediately.

On the 26th November New Pacific Airlines CEO Thomas Hsieh sent an email to employees announcing the closure.

“Dear New Pacific Team, It is with a heavy heart that I’m announcing that we will be ceasing operations today,” the email read. “Unfortunately, we are unable to continue to fund the losses in our business… For those of you on the road, we will work expeditiously to get you home.” Hsieh added that all W-2 employees would continue to be paid through Nov. 27.

There is still no clear word on whether staff working abroad were temporarily stranded, though the company appears to be arranging transportation home for crew members still in the field.

New Pacific’s shutdown is the latest in a difficult year for independent low-cost airlines. According to The Street, several other budget carriers have shut down operations in 2025, including:

• Silver Airways (U.S.)
• Kachina Air (U.S.)
• Ravn Alaska (U.S.)
• Fly PLAY (Iceland)
• Braathens International Airways AB (Sweden)
• Azul Linhas Aéreas Brasileiras (Brazil)
• Air Belgium (Belgium)
• SKS Airways (Malaysia)
• Jetstar Asia (Singapore)
• Kenai Aviation (U.S.)

New Pacific Airlines, (7H/RVF) commenced operations on the 14th July 2023, was an American charter airline and a low-cost carrier based in Anchorage, Alaska.