Silver Airways Files for Chapter 11; Seeks Additional Capital

Silver Airways voluntarily files for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of Florida, according to a statement on its website.

• Allows co. to secure additional capital and undertake a financial restructuring
• Anticipates completing this process by the first quarter of 2025
• All tickets remain valid; will continue operating as usual
• Has estimated liabilities of $100m-$500m and estimated assets of $100m-$500m, according to a court filing

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Aradhana Aravindan ...