On November 4, 2010,
Gulfstream International Airlines filed for
Chapter 11 Bankruptcy protection. In May 2011, Victory Park Capital bought the assets of Gulfstream International Group, including 21 of Gulfstream's
Beechcraft 1900D aircraft, from Raytheon Aircraft Credit Corporation. The company had been operating as
Continental Connection on behalf of Continental Airlines. at
Shenandoah Valley Regional Airport On December 15, 2011, the airline was rebranded as Silver Airways. That same day, they took delivery of one of six recently purchased
Saab 340 aircraft. In the first half of 2012, Silver Airways made several moves to turn itself around. Its maintenance facilities were moved from
Fort Lauderdale to
Gainesville Regional Airport, taking over the former
Eclipse Aviation facility that had remained vacant since 2009. It purchased six more Saab 340 aircraft bringing the Saab fleet to 12. Scheduled service on the Saabs started on the Florida and Bahamas routes. Shortly after, routes were added from Gainesville Regional Airport to
Orlando International Airport and
Tampa International Airport began. Silver Airways expanded its network numerous times in the second half of 2012. First,
Washington Dulles International Airport saw scheduled service to destinations in
Pennsylvania,
West Virginia, and
Virginia. Silver's Florida route network expanded to
Jacksonville. Service began from
Hartsfield-Jackson Atlanta International Airport to destinations in
Mississippi and
Alabama. On August 7, 2012, Silver Airways made national news headlines when one of its flights landed at the wrong airport. In late 2011, Silver Airways began a new operation in
Montana, serving eight cities from a hub at
Billings. Seven of the eight cities were served through government subsidies by way of
Essential Air Service contracts. The Montana operation lasted for two years, ending by mid-2013. On February 11, 2013, Victory Park Capital announced it had hired industry veteran Dave Pflieger to strengthen and grow the airline. On June 28, 2013, Silver Airways announced that it would cease
Montana operations over the next few months. The announcement came on the heels of the
Department of Transportation's (DOT) decision to eliminate subsidized service in two key Montana communities, Lewistown and Miles City. Service ended after the last flights on July 15, 2013, for Lewistown and Miles City. In 2013, Silver Airways was named one of the Top 10 Best U.S. Airlines in the
Condé Nast Traveler's 26th annual Readers' Choice Awards. In the first half of 2014, Silver Airways made several network changes. It ended Beechcraft 1900 operations in Cleveland's EAS network. Then, Silver Airways closed much of its Atlanta network and redeployed its aircraft to other markets. In February 2014, the airline and its owners, Victory Park Capital, announced they had obtained up to $73 million in additional financing from GB Credit Partners, LLC, the investment management affiliate of Gordon Brothers Group and Crystal Financial LLC. Plans were also made to strengthen its core network and Saab 340B+ fleet. In March 2014, Silver Airways completed its first ever IATA Operational Safety Audit (IOSA). In May 2014, Silver announced a new partnership with JetBlue. In May 2014, Silver Airways announced it was a new stand-alone airline after the launch of its own independent reservations system. CEO Dave Pflieger described the airline as a hybrid carrier, part start-up, part turnaround, both independent, and a partner to a larger airline (United). He also noted that it was "rationalizing" its fleet and network and "only flying where it makes sense," so the airline could not only meet but exceed guests' expectations and continue to grow the airline. In January 2015, Silver Airways added
Panama City, Florida, to its list of destinations by starting services to
Orlando and
Tampa from the
Northwest Florida Beaches International Airport. It also announced the launch of a direct service between
Jacksonville and Tampa. On February 27, 2015, Silver Airways previewed its new maintenance headquarters at Orlando International Airport. The project was a complete renovation that is home to a maintenance, repair and overhaul facility that includes two large aircraft hangars, each capable of housing three to four aircraft, as well as office space. Silver Airways committed to a long-term 30-year lease from the
Greater Orlando Aviation Authority to headquarter its new maintenance facility in Orlando. In August 2015, Silver Airways ended its Gainesville service, several months after missing and restructuring payments on its Gainesville maintenance hangar. On March 2, 2016, Silver Airways filed an application with the
U.S. Department of Transportation to provide service from five Florida cities to ten Cuban cities. However, Silver Airways was only granted nine Cuban cities, being denied a Havana route. On June 2, 2016, Silver Airways,
Great Lakes Airlines and
Frontier Airlines announced a partnership for recruiting pilots. On September 13, 2016, it was announced that a majority stake of Silver Airways had been acquired by a private equity firm Versa Capital Management LLC in Philadelphia. On August 1, 2017, Silver Airways announced an order for 20 ATR 42-600 aircraft, with options for up to 30 more. On April 23, 2018, Silver Airways announced the acquisition of
Seaborne Airlines, a San Juan–based airline serving the Caribbean. In November 2019, Silver Airways created a codeshare partnership with
Delta Air Lines and
American Airlines to provide single ticket booking with baggage transfers to destinations in the Caribbean. In February 2020, Silver Airways announced new services to
Charleston International Airport from its hubs in Fort Lauderdale, Orlando, and Tampa; however, due to the
COVID-19 pandemic and its
impacts on aviation, the services were initially postponed until November 2020, when service was finally started. In March 2020, Silver announced the introduction of its own services to its San Juan base previously acquired along with its subsidiary
Seaborne Airlines, with routes from San Juan launching in phases between March and July 2020 as more of the airline's ATR 42-600 aircraft would be delivered. On November 9, 2021, Silver Airways began contract flying for
Amazon Air with feeder flights from Albuquerque and Des Moines to Amazon's hub at the
Fort Worth Alliance Airport near Fort Worth, Texas. Silver used two
ATR 72-500 aircraft configured for airfreight operations and painted with Amazon's "Prime Air" logo. However, Amazon cut ties with Silver as of July 3, 2023, ending the airline's cargo services. On December 30, 2024, Silver Airways filed for
Chapter 11 bankruptcy protection. The company planned to continue operations throughout the procedure, and intended to exit bankruptcy by the first quarter of 2025. On March 2, 2025, Silver Airways abruptly ceased flying out of Orlando. At least two aircraft, N408SV and N409SV, ferried from San Juan to
Coeur D’Alene (COE). The routing brought them to South Carolina and Sioux Falls, starting on March 1. Additional fleet exits continued through April and into May. Aircraft have ferried to YQS, St. Thomas Airport in Ontario, Canada along with SGD, Sogdenberg, Denmark. In April 2025, Silver Airways warned that its Chapter 11 case may end up converting to Chapter 7, which would result in liquidation. On June 11, 2025, Silver Airways sold itself to Wexford Capital after no other participating bids came in to purchase its assets. However, Wexford was not interested in maintaining flight operations, forcing Silver to abruptly shut down that day. Silver Airways' last flight was Flight 56 from Tampa International Airport to Fort Lauderdale-Hollywood International Airport operated by N706SV, which arrived at 11:51 p.m. EDT on June 10, 2025. On July 29, 2025, Silver Airways converted its Chapter 11 case to a
Chapter 7 bankruptcy liquidation. == Facilities ==