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2nd August 2017

 

Silver Airways signs Letter of Intent for up to 50 ATR-600 series turboprops

Fort-Lauderdale, Florida-based Silver Airways took significant steps toward a long-term goal to become a major US airline by announcing its intention to purchase up to 50 ATR-600 series turboprops, valued at a potential $1.1 billion if all options are taken.

Silver’s initial order is for 20 ATR 42-600 aircraft, the 46-50 seat model; the letter of intent (LOI) signed Aug. 1 provides Silver the ability to upgauge to the larger 68-78 seat ATR 72-600 model. The firm 20 ATR 42-600 aircraft will be lease-financed by Silver, the company said.

 

Silver will be ATR’s first North American customer for its -600 series turboprops. ATR will conduct Silver’s crew training on its -600 series full-flight-simulator at ATR’s new training facility in Miami.

Silver plans to take delivery of up to four of the new ATRs in the fourth quarter of 2017, following regulatory approvals. Delivery of the remaining 16 aircraft should be completed by first-quarter 2020, the company said. The new aircraft will gradually replace Silver’s existing fleet of 21 34-seat Saab 340B Plus turboprops “over time,” the company said.

 

Concurrently with its LOI announcement, Silver said it has entered into negotiations with San Juan, Puerto Rico-based Seaborne Airlines to explore commercial cooperation and a potential “combination.” Seaborne provides connections throughout the Caribbean via its San Juan hub; the company is majority-owned by Philadelphia-based investment firm Versa Capital.

Silver also announced the appointment of new CEO Steven Rossum, effective Aug. 8. He succeeds Sami Teittinen, who is leaving the company for personal reasons. Rossum has been serving as Silver’s external general counsel and fleet transactions advisor and has had an extensive career in aviation legal and financial management at Pinnacle Airlines, Air Tran Airways, DHL Airways, among other airlines. Additionally, Silver also promoted EVP-commercial and CFO Jason Bewley to president and CFO of the company.

“The momentum of our airline, as demonstrated by the order for new ATR-600 series aircraft [and] the potential for Caribbean expansion … were the key reasons I decided to join Silver,” Rossum said. “[We] are fully focused on safety, reliability, growth and working toward fulfilling Silver’s promising future.”

“This aircraft acquisition is a monumental leap forward for Silver … and will allow us to expand our network with greater reach, including further into the Caribbean and the southeastern US,” Bewley said.

Silver Airways is a codeshare partner with New York-based JetBlue Airways, Chicago-based United Airlines and Colombian carrier Avianca. Silver also has interline agreements with Dallas/Fort Worth-based American Airlines, Atlanta-based Delta Air Lines, Air Canada, Alaska Airlines, Bahamasair, Germany’s Hahn Air, Azul Brazilian Airlines and Japan’s All Nippon Airways.

 

 

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Florida   Marsh Harbour

 

 

 

 

Saab 340B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

 

 

Fort Lauderdale International Airport

HUB Airport

 

Fort Launderdale International Airport is the main airport serving Florida and is the hub airport for Spirit Airlines and Silver Airways. Other airlines which fly to and from this airport include Air Canada, American Airlines, Copa Airlines, Delta Air Lines, Frontier Airlines and Alaska Airlines. 

 

Silver Airways is a commuter airline based in the United States at Fort Lauderdale-Hollywood International Airport and was previously called Gulfstream International Airways. ________________________________________ In 2013, Silver Airways was named one of the Top 10 Best U.S. Airlines in the prestigious Condé Nast Traveler’s 26th annual Readers’ Choice Awards. In January 2015 Silver Airways operated 27 Saab 340B aircraft on 60 routes to 25 destinations in three geographic regions: Bahamas • Bimini, Bahamas • Freeport, Bahamas • Governor's Harbour, Bahamas • Great Exuma Island, Bahamas • Marsh Harbour, Bahamas • North Eleuthera, Bahamas • Treasure Cay, Bahamas Florida • Fort Lauderdale, FL • Fort Myers, FL • Gainesville, FL • Jacksonville, FL • Key West, FL • Orlando, FL • Pensacola, FL • Tallahassee, FL • Tampa, FL • West Palm Beach, FL Mid-Atlantic • Clarksburg, WV • DuBois, PA • Johnstown, PA • Lewisburg/Greenbrier, WV • Morgantown, WV • Parkersburg, WV • Shenandoah/Staunton, VA • Washington (Dulles), DC