‘Please do not go to the airport’: Silver Airways immediately stops operating; Asset sales during bankruptcy collapse

Florida -based regional carrier Silver Airways suddenly shut down all flight operations on Wednesday, stuck and hit the passengers for refund and alternative travel. The announcement was made through a statement on the airline’s website: “We are sorry to inform you that we are stopping operations as today, June 11, 2025 … Please do not go to the airport.”Sudden suspension follows a failed attempt for restructuring under bankruptcy. Silver entered a transaction to sell its assets to another airline holding company, but the buyer opted to continue operations in Florida, Bahama and Caribbean. According to Flightradar data, dozens of flights have been canceled for this month in Wednesday and end.Silver Airways said in a statement on its website: “We regret it to inform you today, on June 11, 2025. In an attempt to reorganize the bankruptcy, Silver entered a transaction to another airline holding company to sell its assets, which unfortunately has not continued the flight operation of Silver in Florida. Purchase all credit cards should be returnable through your credit card company or your travel agency. ,Silver Airways advised customers to take refunds through their credit card companies or travel agencies. “All credit card purchases should be returned,” the statement said.The airline was using a major connector for Florida and Caribbean routes once, Flights inside and outside the hubs such as Fort Lauderdel and Puerto Rico were using Short-Hall ATR turboprop aircraft. The Silver was reducing its operations in recent months, stopping its fleet and stopping Orlando services in March. Flights continued till Tuesday just one day before the shutdown.In December 2024, Silver filed a loan of over $ 100 million for chapter 11 bankruptcy. It was expected that the process would be completed in the beginning of 2025, which would place the airline on a stable financial position. The $ 5.7 million curved horse bid was offered, but recently a insolvency court auction did not offer any new offer, expectations for a viable change.Established in 2011 among the remains of Gulfstream International Airlines, Silver Airways became a popular carrier for regional travel in South East America and Caribbean. However, the cost of high fuel and maintenance, the Covid-19 travelers deteriorated due to the recession, its finance caused tension.Travel correspondent for The Independent Simon Calder said that the airline had provided “essential connectivity”, but “they could not make the concept of ‘domestic airline’ for Sunshine State financially sustainable.” He said that while most passengers should get back their money through credit card safety, “The problem is going to find alternative transport.”The collapse of the silver coincides with another regional airline shutdown -jetstar Asia, which is powered by Qantas, which will fall down in the next seven weeks and stop operating completely by 31 July.