The US Bankruptcy Court has approved the immediate entry of USD5.5 million debtor-in-possession (DIP) funding provided to Silver Airways (3M, Fort Lauderdale International) by KIA II LLC, an affiliate of Wexford Capital, and scheduled an auction to sell the regional carrier for May 28, 2025.

Judge Peter D Russin confirmed on May 15 that the airline was in immediate need of the DIP funding “to maintain business relationships with their vendors, suppliers, and customers, to pay their employees, and otherwise finance their…

Source: ch aviation
Read more: US court okays Silver Airways DIP funding and auction