Harbor Diversified to sell Air Wisconsin to Slate Aviation; 253 employees furloughed

HARBOR DIVERSIFIED, INC.

Non-binding LOI with Premier Shuttle Holdings (Slate Aviation affiliate) to sell AWAC including Part 121 certificate, aircraft, and inventory.
Purchase price to consist of initial cash and buyer notes; final terms subject to negotiation and definitive agreements.
Air Wisconsin notified all 253 employees of potential workforce reduction effective on or after Oct 28, 2025.
CFO Liam Mackay resigns effective Sept 5; Gregg Garvey appointed as SVP, CFO and Treasurer effective Sept 1 with base salary $255,000.
Assets not included in sale will be retained for aircraft sales/leasing or other strategic opportunities.

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