BASSETERRE, CMC – The US-based Silver Airways, which operated two weekly flights into St. Kitts’ Robert L. Bradshaw Worldwide Airport, will cease working Wednesday and promote its belongings to an funding agency.
The Florida-based regional airline filed for chapter in late 2024 amid mounting debt.
At a current public sale, no consumers confirmed as much as outbid the “stalking horse” provide from an affiliate of Wexford Capital that observers say will now take management of the airline.
“In an try and restructure in chapter, Silver entered right into a transaction to promote its belongings to a different airline holding firm, who sadly has decided to not proceed Silver’s flight operations in Florida, the Bahamas, and the Caribbean,” the airline stated in a press release on Tuesday evening.
The low-cost service urged passengers to not go to the airport, saying, “All bank card purchases ought to be refunded by your bank card firm or your journey company.”
In March, passengers had been left stranded due to canceled flights.
Media experiences stated that the airline, already dealing with tons of of tens of millions of {dollars} in debt, misplaced one other a million when a safety-related upkeep downside brought on extra flight cancellations proper round Memorial Day weekend.
Headquartered in Broward County, Silver had operated a hub in Tampa. As of June, the service was solely flying eight complete turboprop plane.
Past Tampa, Silver had served a number of locations, together with Georgetown, North Eleuthera, Governor’s Harbour, Bimini, Marsh Harbour, Nassau, and Freeport within the Bahamas and different Caribbean locations, together with Tortola, Dominica, St. Maarten, St. Croix, San Juan, and St. Thomas.
