"Victory Park has been a great partner for us in every sense of the word. They are collaborative, creative and eager to help us find solutions. I would gladly recommend them to any company looking for a strategic capital provider to help grow their business."
– Al Goldstein, CEO
Avant Credit Corporation
Silver Airways Corp. announced today that it has reached an agreement with Saab Aircraft Leasing to purchase six additional Saab 340Bplus aircraft. Financial terms were not disclosed. This latest acquisition brings the total number of Saab 340’s to 12 in the Silver Airways fleet.
“This fleet acquisition is another giant step forward in our goal to build the dream airline,” said Darrell Richardson, CEO of Silver Airways. “Like the first six Saab’s, these aircraft will enhance and expand our growth opportunities. The Saab 340Bplus has a generation III cabin that allows us to offer a higher quality of service and continue to build on our strong market presence in Florida and the Bahamas.”
Saab 340Bplus aircraft features include comfortable seating for 34 passengers, large, easy-to-access overhead bins, personalized flight attendant service, an active noise reduction system, and convenient on-board lavatories.
Silver Airways will integrate all 12 Saab 340Bplus’ into its fleet by September 2012. Each aircraft will be subject to a period of inspection and certification under U.S. and Bahamian aviation regulations to ensure full compliance with all safety and operational requirements prior to initiating scheduled passenger service. In-service dates for the new aircraft type will be announced upon receipt of regulatory approvals.
For more information on Silver Airways, visit www.gosilver.com.
Silver Airways Corp. (IATA: 3M) is a U.S. airline operating 100+ daily scheduled flights to/from 29 gateways in Florida, The Bahamas, Montana, Ohio, New York, Pennsylvania and West Virginia. The company is owned by Victory Park Capital, a Chicago-based investment firm that initially launched the airline as VPAA Co. dba/Gulfstream International Airlines in May 2011 following the acquisition of select assets from the former Gulfstream International Airlines, which filed for bankruptcy in November 2010.
Silver Airways is headquartered in Fort Lauderdale, FL and operates under a principal code share and alliance agreement with United Airlines and Copa Airlines. The Silver Airways fleet is comprised of 21 Beechcraft 1900D aircraft (maximum seating capacity: 19 passengers), each powered by reliable, fuel-efficient jet-turbine engines. Six additional Saab 340Bplus aircraft, with seating for 34, will be added to the Silver Airways fleet between December 2011 and July 2012.
For reservations and more information on Silver Airways, visit www.gosilver.com.