Argentum seeks approval for acquisition of Silver Airways' certificates

Silver Airways ceased operations on June 11, "eight days prior to the approval by the Bankruptcy Court of the sale of the assets to Argentum," according to Argentum's filing. The airline had been struggling financially before filing for bankruptcy, burdened with debt between $100 million and $500 million.

During the bankruptcy process, Argentum provided a $5.7 million loan that allowed limited operations to continue while serving as a stalking horse bid for an auction that eventually failed to attract external interest. By March 2025, financial troubles led Silver Airways to close its Orlando International Airport hub.

Argentum was created specifically for acquiring and reviving Silver’s business post-bankruptcy. It is now awaiting regulatory clearance from DOT to transfer operating authorities from Silver Airways. If approved, Argentum plans initial services with one ATR aircraft before expanding operations by year-end.

"While the timeline depends on DOT action," says Argentum, it is prepared for swift resumption of operations once approvals are secured. Initial routes will likely include former markets in Florida and the Bahamas and potential regional flights in Alaska.