Silver Airways Files For Chapter 11

Discussion in 'Other News' started by mjd4277, Jan 1, 2025.

  1. Jan 1, 2025 #1
    mjd4277

    mjd4277 Road Train Member

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  3. Jan 1, 2025 #2
    buzzarddriver

    buzzarddriver Road Train Member

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    When the shareholders aren't getting the returns that they expect, file chapter 11. Then let a judge decide which of your debtors are going to get shorted on payments due. Meanwhile, the company glides along, racking up more debt, until the next chapter 11 filing.
     
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  4. Jan 1, 2025 #3
    mjd4277

    mjd4277 Road Train Member

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    It’s not so much the shareholders but the company may have over expanded in some markets. They have pulled out of some markets in recent years,partly because of poor load factors,especially for destinations that were part of the EAS (Essential Air Service) program.
    Those ATR turboprops aren’t going to pay for themselves!
     
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  5. Apr 15, 2025 #4
    mjd4277

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  7. May 23, 2025 #5
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  8. Jun 11, 2025 #6
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    mjd4277

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