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Silver Airways Moves to Replace Fleet, Seek Merger

10-08-2017

Florida-based regional carrier Silver Airways is replacing its fleet and reachin

Florida-based regional carrier Silver Airways is replacing its fleet and reaching out to Seaborne Airlines in hopes of expanding its Caribbean footprint.

The carrier also said that CEO Sami Teittinen has stepped down, replaced by aviation attorney Steven Rossum. Teittinen decided to leave Silver for personal reasons, the carrier said.

Silver has entered into negotiations with Puerto Rico-based Seaborne "to explore commercial cooperation including potentially a combination in support of its long-term goal to become a major U.S. airline."

Seaborne serves nine Caribbean destinations from its San Juan hub. Silver flies to 18 destinations in Florida and the Bahamas.

Silver, which currently flies a 21-aircraft fleet of 34-seat Saab 340B twin-propeller planes, has made an order to replace those aircraft with 20 ATR-600 series planes, each of which will have 46 seats. Delivery of all 20 planes is expected by early 2020. Silver has an option to acquire 30 more.

The carrier will take delivery of up to four ATRs during the fourth quarter of this year. Silver said it will outfit the new aircraft in a 2-2 configuration with as much as 32 inches between rows.

In addition to the naming of Rossum as CEO, Jason Bewley was promoted to president and CFO. He had been executive vice president of commercial operations and CFO.

Source: Travel Weekly

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