Is SeaPort the next Moda?

Troubles mount for Portland-based SeaPort Airlines: bankruptcy, a CEO resignation and discontinued Oregon Coast service.

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Oregon-based SeaPort Airlines has filed for Chapter 11 bankruptcy protection but the company says daily operations will not be interrupted.

The commuter airline said Friday it expects to continue to operate its current schedule of flights, pay its employees and honor existing tickets and reservations.

The company also announced Rob Kinney has resigned as CEO and president. Timothy Sieber, who recently served as executive vice president, has been named president.

(READ MORE: Oregon Live)

SeaPort continues to suspend flight services, including routes to the Oregon Coast.

The company has rapidly been shedding service in the Northwest since the year began. In January it postponed service to three Washington cities — Moses Lake, Port Angeles and Seattle.

Then last week it announced it would cease service between Portland and North Bend/Coos Bay. The closure of the Washington service as attributed to the pilot shortage.

(READ MORE: Portland Business Journal)