Source: Date: Updated: |
Silver Airways
Thursday, August 3, 2017
Thursday, August 3, 2017
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FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Silver Airways (“Silver” or the “Company”), the airline of choice in Florida and the Bahamas, announced today several strategic developments that will enable its continued growth.
Upgraded Fleet
Silver announced today a historic agreement by signing a letter of intent to renew and expand its fleet with up to 50 new ATR-600 series aircraft. This is a significant strategic accomplishment for the airline and a transaction valued at up to $1.1 billion. The initial order is for 20 ATR-42-600 aircraft and the agreement also provides Silver the ability to upgauge to the larger series ATR-72-600s. With this deal, Silver becomes the first fully independent U.S. regional airline in more than 20 years to sign a new aircraft deal of this magnitude. The firm 20 aircraft will be lease financed by Silver.
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