Silver Airways Ceases Operations, Announcing Full Asset Sale

On June 11, 2025, Silver Airways officially grounded all flights, marking a dramatic end to its operations after years of financial struggle. Once a key regional airline in Florida and the Caribbean, Silver filed for Chapter 11 bankruptcy in late 2024. The company, burdened with between $100 – $500 million in debt, failed to attract any qualified buyers during a court-approved asset auction. Its only offer, a $5.775 million bid, came from Argentum Aviation, reflecting the airline’s deep financial distress.