Silver Airways ceases operations 6 months after declaring bankruptcy
Silver Airways, which operated flights from San Juan to five Caribbean destinations, abruptly ceased operations Wednesday, nearly six months after filing for Chapter 11 bankruptcy.
The airline announced its shutdown on Instagram, stating: “We regret to inform you that we are ceasing operations as of today, June 11, 2025. In an attempt to restructure in bankruptcy, Silver entered a transaction to sell its assets to another airline holding company, who unfortunately has determined to not continue Silver’s flight operations in Florida, the Bahamas and the Caribbean.”
Silver’s assets, including its fleet of ATR aircraft, were acquired by investment firm Wexford Capital, which opted not to continue operating the airline. The shutdown ends 14 years of flight operations.
Nelman Nevares, director of operations at Aerostar, which manages the Luis Muñoz Marín International Airport (SJU, by location identifier), confirmed that Silver had eight departing flights and eight arriving flights scheduled between San Juan and the destinations of St. Croix and St. Thomas (U.S. Virgin Islands), Saint Kitts and Nevis, St. Maarten and Tortola (British Virgin Islands). All were canceled.
“Aerostar regrets any inconvenience this unexpected situation may cause passengers and will continue to support the relevant authorities in adding new flight offers to these and other destinations,” Nevares said, confirming that there were no airline personnel available to provide in-person assistance to stranded passengers.
Following the announcement, the Puerto Rico Tourism Company (PRTC) confirmed it is working on a mitigation plan to assist affected passengers and restore air connectivity to the five destinations Silver Airways served from San Juan.
“Fortunately, we have existing routes from Frontier, JetBlue, Cape Air, InterCaribbean, and Caribbean that connect to four of the five destinations the airline previously served,” said Willianette Robles, executive director of the Puerto Rico Tourism Co. “The only market left without service is St. Kitts, and we are working with alternate carriers to develop options.”
“Silver Airways has been an important partner in connectivity between Puerto Rico and key Caribbean destinations,” Robles said. “Its departure represents a significant challenge for connectivity.”
The Tourism Co., in collaboration with the Puerto Rico Ports Authority and Muñoz Marín Airport operator Aerostar, “has already activated an action plan to identify alternatives to restore any affected routes as quickly as possible. We’re working on a strategy to ensure the continuity of air connectivity and minimize the economic and tourism impact of this situation,” Robles said.
“We reaffirm that our priority is to protect the interests of passengers and ensure the competitiveness of Puerto Rico as an aerial hub in the Caribbean,” she said. “We will be sharing more information as we progress in implementing this mitigation plan.”
