Judge Peter D Russin of the US Bankruptcy Court for the Southern District of Florida allowed Silver Airways (3M, Fort Lauderdale International) to use cash collateral to continue operating while it tries to refinance and restructure in an order issued on January 7, 2025.

“The debtors intend to use cash collateral to pay operating expenses of their businesses, which primarily include, payroll, fuel, insurance, aircraft maintenance expenses, and airport leases,” Silver’s filing says.

The order…

Source: ch aviation
Read more: US's Silver Airways taps cash collateral, eyes DIP financing