Another U.S. Airline Files for Bankruptcy

This Florida-based carrier filed for Chapter 11 protection on Monday.

A Silver Airways ATR 42 aircraft. (Photo: AirlineGeeks | William Derrickson)

[ News ]December 30, 2024 11:56 pm ET

By Ryan Ewing

Silver Airways said it is filing for bankruptcy protection. The Fort Lauderdale, Florida-based carrier announced the Chapter 11 filing on Monday.

The airline – which began flying in 2011 – operates a fleet of all-turboprop aircraft from its bases in Fort Lauderdale, Orlando, San Juan, and Tampa.

“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 company said in a letter to customers.

A Silver Airways ATR 42 600 on display at the Farnborough Airshow. (Photo: AirlineGeeks | Fabian Behr)

In the letter, Silver Airways added that it hopes to complete the Chapter 11 process in the first quarter of 2025. The carrier expects operations to continue as normal.

Silver Airways has codeshare and interline agreements with several airlines, including United and JetBlue. The airline carried more than 2.1 million passengers in 2019.

The company’s announcement comes months after fellow Florida-based airline Spirit filed for bankruptcy protection in November.

Author
Recent Posts

Follow Ryan

Ryan Ewing

Ryan founded AirlineGeeks.com back in February 2013 and has amassed considerable experience in the aviation sector. His work has been featured in several publications and news outlets, including CNN, WJLA, CNET, and Business Insider. During his time in the industry, he's worked in roles pertaining to airport/airline operations while holding a B.S. in Air Transportation Management from Arizona State University along with an MBA. Ryan has experience in several facets of the industry from behind the yoke of a Cessna 172 to interviewing airline industry executives. Ryan works for AirlineGeeks' owner FLYING Media, spearheading coverage in the commercial aviation space.

Follow Ryan

Author

Ryan Ewing

Ryan founded AirlineGeeks.com back in February 2013 and has amassed considerable experience in the aviation sector. His work has been featured in several publications and news outlets, including CNN, WJLA, CNET, and Business Insider. During his time in the industry, he's worked in roles pertaining to airport/airline operations while holding a B.S. in Air Transportation Management from Arizona State University along with an MBA. Ryan has experience in several facets of the industry from behind the yoke of a Cessna 172 to interviewing airline industry executives. Ryan works for AirlineGeeks' owner FLYING Media, spearheading coverage in the commercial aviation space.
View all posts