California Pacific Airlines in negotiations for new ownership
by
staffMay 6, 2019
044
Editor’s Note: A previous version of this article contained several inaccuracies that have since been corrected.
Paragon Partners, as NewCo, is currently in negotiations to acquire the majority ownership in California Pacific Airlines, according to a recent release by Paragon obtained by The Coast News.
The acquisition group is chaired by Robert Nisi, a former securities attorney and active investment banker who was a part of the founding team, alongside Richard Branson, of Virgin American Airlines.
Nisi served as Virgin’s corporate director for several years before the company was sold to Alaska Airlines in 2016 for $2.6 billion.