Latest news with #SilverAirways
Irish Daily Star
24-04-2025
- Business
- Irish Daily Star
Another regional airline shutters flights and files bankruptcy and it may trigger a bigger crisis
Florida's Silver Airways has been recommended to cease operations amidst its ongoing bankruptcy proceedings. The budget airline, headquartered at Fort Lauderdale–Hollywood International Airport, was one of over a dozen carriers that declared bankruptcy in 2024, including another low-cost Florida-based airline. Since 1988, Silver has primarily provided flights within the wider Florida region and the Caribbean. According to a report submitted earlier this month, in late December 2024, it " voluntarily filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of Florida " after losing its right to fly into several airports because of unpaid fees. Read More Related Articles Four signs in your walk could mean you have dementia, experts warn Read More Related Articles Dog behaviourist shares 'worst thing' to do when your pet barks or cries The company has significantly reduced its flight operations as it battles with creditors, including aircraft leasing firms and various airports. A government trustee appointed to supervise the insolvency case has suggested the company close down, doubting the likelihood of resolving its financial troubles. In the report, the trustee confessed that the airline had been misleading the public about the positive trajectory of its financial recovery plan, highlighting its major cutback in flights. Among the challenges confronting the airline is a multi-million dollar claim from aircraft lessor TrueNoord and the seizure of several leased aircraft carriers. Spirit Airlines is among over a dozen airlines that filed for bankruptcy last year According to data from ch-aviation, Silver Airways' current fleet comprises six operational aircraft, including two ATR42-600s and four ATR72-600s, and five non-operational aircraft, consisting of three ATR42-600s and two ATR72-600s. In its formal bankruptcy announcement in December 2024, the airline stated, "We want to share an important step Silver Airways has taken to ensure a sustainable future for our company. "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."
Yahoo
04-03-2025
- Business
- Yahoo
Bankrupt regional airline strands passengers with canceled flights
Silver Airways, a low-cost airline based outside Fort Lauderdale, filed for bankruptcy on the second-to-last day of 2024. The budget carrier flew to popular vacation markets such as Key West and Tampa, Fla., domestically and to the Bahamas and the Dominican Republic. But it accrued more than $500 million of debt amid increased competition and the rising costs of running flights. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵 On Dec. 30, Silver Airways filed for Chapter 11 protection in U.S. Bankruptcy Court for the Southern District of Florida so it could continue to operated even if individual airports started to revoke its gate slots. The airline faces eviction from its hub at Fort Lauderdale-Hollywood International Airport (FLL) hub. And the British overseas territory of Anguilla recently revoked Silver's ability to fly into Clayton J. Lloyd International Airport (AXA) over nonpayment of nearly $104,000 in airport Silver has continued to sell flights and reassure travelers that it was continuing operations as usual, those traveling on the weekend of March 1 and 2 discovered that flights out of Orlando International Airport (MCO) were abruptly canceled. "We received notification yesterday afternoon that effective immediately all departing and arriving flights" with Silver Airways are canceled, Angela Starke, an MCO spokesperson, told local press. The airline has yet to issue an official statement on the cancellations. TheStreet could not Silver Airways for comment. More on retail and bankruptcy: Walmart store closing, auctioning off laptops and flat-screen TVs Home Depot CEO sounds the alarm on a growing problem Famous restaurant files for Many passengers reported learning from news reports about the cancellation of flights they were expecting to board in several hours. "They canceled our flight on Monday from Fort Lauderdale to Orlando, and we've been at the Tampa airport since 9 a.m. for our flight at 3:00 p.m. to Fort Lauderdale and now it's delayed until 4:45 p.m.," one traveler wrote under the Reddit forum for aviation. Another traveler reported being stuck on Great Exuma Island in the Bahamas on March 1. "Flight to FLL keeps getting delayed but what's worse is that I have a JetBlue JBLU flight from FLL to BOS tomorrow (originally for tonight) that I keep having to cancel and reschedule," another Reddit user wrote At the time of announcing that it was filing for bankruptcy, Silver said that it "anticipate[s] completing this process by the first quarter of 2025" and "emerging stronger and ready to continue serving you with the same dedication we've upheld for over 13 years." In past cases where regional airlines went bankrupt, some travelers with booked flights booked travel on other airlines by paying out of pocket and seeking compensation remote vacation destinations with limited service, this kind of situation prompts fares to spike as people are willing to pay what it takes to get home. When peer budget vacation carrier Canada Jetlines filed for bankruptcy and saw a number of executives walk off last August, the airline told passengers to "contact their credit card company" for any lost money as it would not be able to help.
Miami Herald
04-03-2025
- Business
- Miami Herald
Why Silver Airways just halted some Florida flights, and what it means for travelers
Regional airline Silver Airways of Fort Lauderdale, which has been operating under Chapter 11 bankruptcy protection, halted its service at Orlando International Airport over the weekend after three of its aircraft were repossessed by the owner. The action came after the cash-strapped carrier failed to reach an agreement to renew an extension that would have allowed it to continue to fly the planes for another 60 days. The airline is still serving travelers through Fort Lauderdale, Tampa and Puerto Rico with the remaining 11 leased planes still in its fleet, the company said in a statement Monday. The airline, which was founded more than 13 years ago, serves Florida, the Bahamas and the Caribbean, with a large 'gateway' at Fort Lauderdale-Hollywood International Airport. Travel disruptions for Silver customers at Orlando International started Saturday when the airline abruptly canceled all of its operations: 'We received notification Saturday afternoon that, effective immediately, all departing and arriving flights with Silver Airways are canceled,' according to a statement from Angela Starke, senior vice president of public affairs for the airport. Read the full story at
Yahoo
03-03-2025
- Business
- Yahoo
Silver Airways unexpectedly cancels all flights out of Florida airport: report
ORLANDO, Fla. (WFLA) — Passengers flying out of Orlando International Airport (MCO) over the weekend were left stranded after Silver Airways suddenly canceled all of its flights, according to a report from NBC affiliate WESH. A statement obtained from MCO's Senior Vice President of Public Affairs and Community Relations Angela Starke read: 'We received notification yesterday afternoon that, effective immediately, all departing and arriving flights with Silver Airlines are canceled.' It is unclear what was behind the sudden cancellations. Cruise ship with 158 norovirus patients docks in Florida The unexpected move comes just two months after the airline issued an open letter to its customers, announcing they voluntarily filed for Chapter 11 bankruptcy. Silver Airways affirmed to its customers that all flight tickets remain valid and that they remain under normal operations. 'We anticipate completing this process by the first quarter of 2025, emerging stronger and ready to continue serving you with the same dedication we've upheld for over 13 years,' they said in the release on Dec. 30. The airline added that the decision will allow them to undergo a financial restructuring they hope will strengthen the company and benefit its passengers. has reached out to Silver Airways for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-03-2025
- Business
- Yahoo
Silver Airways cancels all flights at Orlando International Airport without notice, files bankruptcy
The Brief Silver Airways abruptly canceled all flights at Orlando International Airport (MCO) over the weekend, leaving passengers stranded despite previously assuring continued operations after filing for Chapter 11 bankruptcy in December 2024. The airline had promised in a press release that tickets would remain valid and flights would operate as usual, but no official statement has been issued regarding the sudden cancelations. Silver Airways, previously MCO's 27th largest airline, operated routes to Pensacola, Key West, The Bahamas, and Fort Lauderdale before halting service. ORLANDO, Fla. - Those expecting to board a Silver Airways flight this weekend at Orlando International Airport (MCO) were left stranded after all arriving and departing flights were abruptly canceled. The shutdown comes after the company filed for Chapter 11 bankruptcy in December 2024. A press release announcing the filing was released on the airlines website stating, "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." The press release also stated that: All tickets remain valid, and we will continue operating as usual You can book flights with Silver through our website or any other channel United and JetBlue customers, including loyalty program members, will experience no disruptions to their bookings or services Tickets purchased through any other airline or agency will be honored The airline has not yet issued any statements regarding the canceled flights. "MCO received notification yesterday afternoon that, effective immediately, all departing and arriving flights with Silver Airlines are canceled", GOAA spokeswoman Angela Starke emailed. Silver Airways flew routes from MCO, Pensacola, Key West, The Bahamas and Fort Lauderdale and was previously ranked MCO's 27th biggest airline by passenger count. This story will be updated as FOX 35 learns more. STAY CONNECTED WITH FOX 35 ORLANDO: Download the FOX Local app for breaking news alerts, the latest news headlines Download the FOX 35 Storm Team Weather app for weather alerts & radar Sign up for FOX 35's daily newsletter for the latest morning headlines FOX Local: Stream FOX 35 newscasts, FOX 35 News+, Central Florida Eats on your smart TV The Source The information in this article comes from Silver Airways Press Room and The Greater Orlando Aviation Authority.
