Florida-based Silver Airways has ceased all operations, after entering into a transaction to sell its assets to another airline holding company, in an attempt to restructure the cash-strapped airline
Silver Airways filed for Chapter 11 protection on December 30, 2024, describing the move as a step toward ensuring a "sustainable future" for its operations. The airline said that this decision will allow it to secure additional capital and undertake a financial restructuring.
In a statement on June 11, 2025, the airline said that the holding company “unfortunately has determined to not continue Silver’s flight operations in Florida, the Bahamas and the Caribbean”.
“Please do not go to the airport,” Silver Airways added. “All credit card purchases should be refunded through your credit card company or your travel agency.”
In May, Silver Airways lined up a bid of nearly $5.8 million for nearly all of its assets, after it filed an emergency motion seeking court approval for the sale.
The motion, filed in the United States Bankruptcy Court for the Southern District of Florida, requests approval of bidding procedures designed to identify the highest or best offer for Silver Airways' assets. These procedures include provisions for bid protections and the scheduling of an auction.
KIA II LLC has been designated as the “stalking horse bidder”, setting a minimum bid of $5.775 million. The stalking horse bid includes a break-up fee of 5% to cover costs if a higher bid is accepted.
The sale will exclude assets of Seaborne - a wholly owned subsidiary of Silver Airways - which operates under its own Part 121 certificate.