Silver Airways files for Chapter 11 bankruptcy protection in South Florida, will continue operating
Financially troubled Silver Airways, the 13-year-old regional carrier serving Florida, the Bahamas and the Caribbean, has filed for Chapter 11 bankruptcy protection with a pledge to continue flying and reorganize its finances at some point during the first quarter of the New Year.
The airline, which in 2023 was nearly evicted from Fort Lauderdale-Hollywood International Airport for falling behind on its rent, said in a note to customers that “all tickets remain valid” and that they may book flights through the airline’s website “or any other channel.”
U.S. Bankruptcy Judge Peter Russin of Fort Lauderdale entered an order allowing the company to continue operations, according to court files.
“This decision will allow us to secure additional capital and undertake a financial restructuring that will strengthen our position as a competitive airline, ultimately benefiting you — our valued customers,” the airline’s note said.
According to the company’s website, Silver serves eight Florida destinations including Fort Lauderdale, Tampa, Orlando, Tallahassee and Key West, seven in the Bahamas including Nassau and Freeport, and seven Caribbean destinations with a major hub operation in San Juan, Puerto Rico. The airline’s fleet consists of French-made, propeller-driven ATR aircraft.