Silver Airways, a regional airline based in Florida, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of Florida. Photo: Loop News

Announced on Monday, the decision is part of a strategic effort to secure additional funding and reorganize the company’s finances, with the airline adding in a statement that its goal is to “strengthen its competitive position within the aviation industry while ensuring continued service to customers.”

In its open letter to customers Monday, Silver Airways emphasized that operations will continue without interruption during the restructuring process. All existing tickets remain valid, and new bookings can be made through the airline’s website and other channels. Partnerships with United Airlines and JetBlue Airways, including loyalty programs, will proceed as usual, ensuring no disruptions for passengers, according to the statement.

The airline anticipates completing the restructuring by the first quarter of 2025, “emerging stronger to serve its customers with renewed dedication.” Silver Airways operates regional passenger networks in Florida, the Bahamas, and the Caribbean – including intra-island flights between St. Thomas and St. Croix through Seaborne, and to Puerto Rico – and provides regional cargo services with a fleet that includes ATR-600 series turboprop aircraft.

This development follows a series of financial challenges for Silver Airways. In early 2023, the airline faced potential eviction from Fort Lauderdale-Hollywood International Airport due to unpaid fees totaling nearly one million dollars. The Broward County Commission had issued notices of default, citing delinquent payments dating back to 2021.

Silver Airways, a regional airline based in Florida, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of Florida.