Silver Airways LLC

  1. January 10, 2025

    Technical, Logistical Issues Landed Silver Airways In Ch. 11

    Dragged down by technical and logistical snafus with its aircraft, Silver Airways spiraled into insolvency and filed for Chapter 11 protection in the final days of 2024 in hopes of closing a going-concern sale, but without any illusions of clearing the $457 million in debt on its balance sheet.

  2. January 08, 2025

    Catching Up With New Bankruptcy Case Action

    Satellite and spectrum firm Ligado Networks filed in Delaware with $8.6 billion in debt. Regional airline Silver Airways LLC entered bankruptcy with plans to restructure by early 2025. A New York City waterfront condominium owner cited $70 million in liabilities, while a Long Island nursing home with $58 million in debt blamed its filing on litigation by New York Attorney General Letitia James.

  3. January 06, 2025

    Silver Airways Seeks DIP Lender, Asset Buyer In Ch. 11

    A Florida bankruptcy judge on Monday granted Silver Airways LLC permission to use cash collateral, and approved a slew of other customary first-day reliefs, to get by as it tries to secure a debtor-in-possession loan and an asset sale.