Silver Airways has ceased all flight operations effective immediately and has advised customers not to go to the airport for any scheduled flights.
The Hollywood, Florida-based regional airline posted a notice on its website early Wednesday morning, announcing this abrupt shutdown. The decision comes months after the company filed for Chapter 11 bankruptcy protection on December 30, 2024. The airline cited long-standing financial pressures, including lingering debt from the COVID-19 pandemic and rising costs of fuel, aircraft parts, and labor.
According to South Florida Business Journal, Silver Airways attempted to sell its assets to another airline holding company. However, the potential buyer ultimately decided not to continue Silver’s operations across Florida, the Bahamas, and the Caribbean.
Founded in 2011, Silver Airways was owned by Philadelphia-based private equity firm Versa Capital Management. At Tampa International Airport (TPA), Silver Airways accounted for approximately 1% of the airport’s market share. As of April 2025, the airline had transported around 22,661 passengers from TPA, making it the airport’s 11th largest carrier. Silver operated flights from Tampa to Fort Lauderdale, Pensacola, and Key West—all destinations now served by other airlines at TPA.
Throughout the broader Tampa Bay region—including TPA, St. Pete-Clearwater International Airport, and Sarasota-Bradenton International Airport—Silver served 260,791 passengers in 2024, representing about 0.84% of the total market share. This marked an increase from 2023 when the airline carried 178,368 passengers, or roughly 0.58% of the regional market share.
