Silver Airways, the airline of choice in Florida and the Bahamas, has announced several strategic developments that will enable its continued growth, the company said.
Silver has announced a historic agreement by signing a letter of intent to renew and expand its fleet with up to 50 new ATR-600 series aircraft, a transaction valued at up to USD 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 US 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.
Fort Lauderdale-based Silver Airways operates more routes within Florida, and between Florida and the Bahamas than any other airline. The airline averages 125 daily flights to 18 destinations in Florida (including hubs in Fort Lauderdale, Orlando, and Tampa) and the Bahamas. It is a codeshare partner with JetBlue, United Airlines, and Avianca, and has interline agreements with American Airlines, Delta Air Lines, Air Canada, Alaska Airlines, Bahamasair, Hahn Air, Azul Brazilian Airlines, and All Nippon Airways. Silver currently operates a fleet of 21 highly reliable and fuel-efficient 34-seat Saab 340B Plus turboprop aircraft under its FAA Part 121 air carrier certificate.
Founded in 1981, ATR is the world provider of below-90-seat regional aircraft. Since its creation, ATR has sold over 1,500 aircraft. ATR aircraft equip the fleets of some 200 airlines in nearly 100 countries. ATR is an equal partnership between two major European aeronautics players, Airbus and Leonardo. Based in Toulouse, France, ATR is well established worldwide with a large customer support and sales network, including Customer Service Centers, training centers and warehouses.