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Fort Lauderdale, FL - Silver Airways, a regional airline based in Fort Lauderdale, has officially shut down all flight services as of June 11th, following the collapse of its attempted financial restructuring under Chapter 11 bankruptcy.
The company released a statement informing customers that it had entered into an agreement to sell its assets to an aviation holding company.
However, the buyer has decided not to continue flight services in Florida, the Bahamas, or the Caribbean.
Passengers were advised not to travel to the airport, and instead, to seek refunds through their credit card companies or travel agencies.
Scheduled flights out of Fort Lauderdale, Tampa, Pensacola, and Key West were canceled without notice.
Silver Airways filed for bankruptcy protection on December 30th, 2024, stating its goal was to secure new investment and reorganize its finances to remain competitive.
Despite the effort, the sale process ultimately failed. In recent months, the airline had scaled back operations, with its fleet reduced to eight ATR turboprop aircraft and staff levels dropping from more than 600 to under 350.
According to filings from Chief Executive Officer Steven Rossum, the airline faced repeated challenges, including aircraft delivery delays, training bottlenecks, and supply chain disruptions stemming from the pandemic.
While Silver had shown signs of recovery, the breakdown of the asset sale led to an immediate halt in services.
Its sister company, Seaborne Airlines, which is based in Puerto Rico, will continue operations independently.
Industry analysts have described the sudden closure during peak summer travel season as unusual, highlighting the financial fragility of regional air carriers.
Silver Airways is no longer operating any flights as of today.