In very late 2024, Florida-based regional airline Silver Airways filed for Chapter 11 bankruptcy protection. Executives at the airline insisted that this would be a quick restructuring, and that the company would emerge stronger than ever before in the first quarter of 2025. That’s not exactly how things are playing out. However, the airline also isn’t liquidating as quickly as many of us were anticipating.
Silver Airways is approaching Chapter 7 liquidation
In mid-April, the United States trustee overseeing Silver Airways’ Chapter 11 bankruptcy process requested dismissal of the case, “because there is a substantial and continuing loss to the estate shown by the Debtors’ net negative profits and negative cash…
