Nonstop flights to Cuba are envisioned by Silver Airways as Florida’s biggest intra-state airline recently announced plans for air service to the island in 2016.
The Fort Lauderdale-based airline plans to apply to the U.S. Department of Transportation in the interest of serving as many Cuban destinations as possible out of 10 total sites, including Havana.
Silver Airways has blossomed in the past five years, growing from a regional express service to an independent carrier delivering much-needed legs between Florida and the Bahamas. Its revenue has nearly tripled since 2011.
In anticipation of continued growth, the firm has retained the services of Raymond James as financial advisor for the purpose of considering partnerships, investments and other merger or ownership opportunities to optimize Silver’s positioning in the market.
“We have made tremendous strides as an airline and have successfully accomplished the main objectives the board set out for us,” Silver Airways CEO Sami Teittinen said. “With tremendous opportunities in Cuba now emerging just off the shores of our primary market, it is exactly the right time to pursue strategic alternatives for our airline. As the board undertakes this process, Silver remains focused first and foremost on operating at the highest level of safety and looks forward to expanding our scheduled service to new Cuban destinations in the near future.”
The airline, a codeshare partner with JetBlue and United Airlines, partners with over half a dozen other airlines. With 23 aircraft, Silver averages over 100 flights daily, serving 26 Florida hubs, the Bahamas, and the mid-Atlantic area around Washington-Dulles.
West Palm Beach, FL 33406