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Silver Airways, a regional airline based in Florida, has filed for Chapter 11 bankruptcy protection. The airline operates flights within Florida and to the Caribbean using ATR turboprop planes. This filing follows Spirit Airlines' recent bankruptcy.
The filing was made in the United States Bankruptcy Court for the Southern District of Florida. Silver Airways aims to restructure its finances and address financial challenges. The company plans to complete this process by early 2025.
In an official statement, Silver Airways said, "We want to share an important step Silver Airways has taken to ensure a sustainable future for our company. Today, we voluntarily filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of Florida. 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."
