BASSETERRE, ST. KITTS – The US-based Silver Airways, which operated two weekly flights into St. Kitts’ Robert L. Bradshaw International Airport, will stop operating Wednesday and sell its assets to an investment firm.
Silver Airline (File Photo)The Florida-based regional airline filed for bankruptcy in late 2024 amid mounting debt.
At a recent auction, no buyers showed up to outbid the “stalking horse” offer from an affiliate of Wexford Capital that observers say will now take control of the airline.
“In an attempt to restructure in bankruptcy, Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately has determined to not continue Silver’s flight operations in Florida, the Bahamas and the Caribbean,” the airline said in a statement on Tuesday night.
The low-cost carrier urged passengers not to go to the airport, saying “all credit card purchases should be refunded through your credit card company or your travel agency”.
In March, passengers were left stranded because of canceled flights.
Media reports said that the airline already facing hundreds of millions of dollars in debt, lost another one million when a safety-related maintenance problem caused more flight cancellations right around Memorial Day weekend.
Headquartered in Broward County, Silver had operated a hub in Tampa. As of June, the carrier was only flying eight total turboprop aircraft.
Beyond Tampa, Silver had served several destinations including Georgetown, North Eleuthera, Governor’s Harbour, Bimini, Marsh Harbour, Nassau and Freeport in the Bahamas and other Caribbean destinations including Tortola, Dominica, St. Maarten, St. Croix, San Juan, and St. Thomas.
