fbpx

Silver Airways in dire need of financial assistance

Silver Airways has sent a letter to officials in Washington seeking “critical and immediate financial aid required in order for the airline to survive the most dire crisis the industry has ever faced and upon which whose continued operation depends.”

The Fort Lauderdale-based company operates 100 daily scheduled flights between gateways in Florida and The Bahamas. It is owned by Versa Capital Management, LLC, a Philadelphia-based private equity investment firm and in the summer of 2018 completed the acquisition of Seaborne Airlines, which is based in San Juan.

Silver is hardly alone in being buffeted by the coronavirus and travel restrictions. The CAPA Centre for Aviation, a consultancy, said most airlines in the world will be bankrupt by the end of May unless governments intervene, CNN reported.

Here is the text of the letter sent by Silver Airways CEO Steven A. Rossum to Treasury Secretary Steven T. Mnuchin, Transportation Secretary Elaine L. Chao, U.S. Senators Rick Scott and Marco Rubio and U.S. Rep. Debbie Wasserman Schultz:

On behalf of the 1,000 dedicated and hardworking aviation professionals of Silver Airways (based in Fort Lauderdale, Florida) and our subsidiary Seaborne Airlines, I am writing to enlist your assistance by way of potential aid noted by President Trump, Vice President Pence and Secretary Mnuchin that would provide significant financial assistance to commercial airlines in order to continue providing critical air transportation in the face of COVID-19. Immediate and direct assistance is both respectfully requested and required.

Our passenger bookings have dropped dramatically over the past month and we are experiencing an even greater and unprecedented decline in forward bookings each day and ever-increasing cancellations as citizens and visitors are encouraged not to travel.  We had expected to carry over 1,000,000 passengers in 2020, but expect to fall far short of that target.

As an American regional airline that services the entire State of Florida, the Bahamas and the Caribbean, our airline and employees have already faced – and are continuing to recover from – numerous recent disasters of historic magnitude, including Hurricanes Maria, Irma and Dorian.

The jobs and livelihood of our loyal employees and passengers we provide air transportation for, including military, leisure and business travelers throughout the Southeast and Caribbean from our gateways in Fort Lauderdale, Orlando, Tampa, San Juan, Puerto Rico, and the U.S. Virgin Islands, are gravely at risk.  In addition, we provide important service to key military markets, including Pensacola, Florida; Huntsville, Alabama; and Charleston, South Carolina, among others.  And we provide valuable and consumer-friendly connecting service to our destinations from many of America’s most important passenger airlines, including United, JetBlue, American and Delta.

On behalf of Silver Airways’ 1,000 employees and hundreds of thousands of customers we serve annually, we are in dire need of any assistance you can provide that will allow us to continue flying and providing the safe, reliable air transportation that is critical to the Southeastern U.S., Bahamas and the Caribbean.  We hope and trust you can be in a position to support this need.

 

 

 

You May Also Like

Up in the Air: A Discussion

In a dynamic region where residents are typically on the move, everyone is wondering about the health of the airline industry and the safety of airports and airplanes. Everyone is

Major South Florida airports get $378 million in funds

Federal grants to support airports will provide $207 million for Miami International Airport, $135 million for Fort Lauderdale-Hollywood International Airport and $36 million for Palm Beach International Airport, the Federal

U.S. further cracks down on Cuba

The U.S. is further restricting the Cuban regime’s access to commercial aircraft and other goods, the U.S. Commerce Department announced Friday afternoon. The move by the department’s Bureau of Industry

Ted Berglund, president and CEO of Dyplast Products, speaks with U.S. Commerce Secretary Wilbur Ross
Spirit plans $250 million headquarters

Spirit Airlines has submitted site plans to Dania Beach for a $250 million headquarters that could be up to 500,000-square-feet at the Dania Pointe development along Interstate 95. The project

Other Posts

Reservations Begin for The Ritz-Carlton Residences, West Palm Beach

Residents will find a curated collection of museum-quality artwork through the common spaces selected from the Jorge M. Pérez Contemporary Art Collection. 

Vision Board: Regina Tseikhin

The entrepreneur founded Hello Day, a brand dedicated to providing high-quality, versatile athleisure for women on the move.

PMG Unveils Plans for First Luxury Condominium in Fort Lauderdale

The 18-story tower offers a resort-style pool with unparalleled fitness and wellness facilities.

Florida Allocates Funds for Lincoln Road Redevelopment

The plan’s most significant changes are a complete street redesign, including road lane and median changes.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.