Overview

• On June 11, Silver Airways ceased all flight operations following a Chapter 11 auction that attracted no bidders.
• Wexford Capital, acting as Silver’s debtor-in-possession lender, completed its takeover but declined to restore passenger service.
• Silver advised ticketed travelers not to go to airports and directed them to seek refunds via credit card companies or their travel agencies.
• Passengers left scrambling for alternative flights are facing sharply higher fares on last-minute bookings.
• Seaborne Airlines, which Silver acquired in 2018, will continue operating independently despite Silver’s shutdown.