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Silver Airways, a regional airline based in Hollywood, Florida, has announced that it will continue operations after filing for Chapter 11 bankruptcy reorganization. The airline, which serves Florida and the Caribbean, plans to secure new capital and restructure its debt through the bankruptcy process. Silver Airways aims to emerge from bankruptcy in the first quarter of 2025 as a more competitive entity.
The airline assured customers that all existing bookings remain valid and that there will be no disruptions to services. This includes bookings made through partners JetBlue Airways and United Airlines.
The aviation industry continues to face challenges post-pandemic. Although travel demand has surged, costs have risen significantly. Spirit Airlines, another low-cost carrier, filed for bankruptcy protection in November due to financial pressures.
