Although they've tied it to the opening of flight service to Cuba, change may well be coming to Silver.

"In light of the recent Cuba announcement as well as several other exciting growth opportunities within Florida and the Caribbean, the board of directors of Silver Airways has initiated a process to evaluate a range of strategic alternatives for the airline. The company has engaged Raymond James as its financial advisor to assist in exploring potential strategic partnerships, growth investments, and a merger or ownership transition that would enhance Silver’s ability to capitalize on these attractive growth opportunities....
(list of accomplishments)
...These initiatives have created a compelling value proposition and unique customer experience, and have driven Silver’s revenue to nearly triple since 2011. The board is now considering several opportunities that will accelerate growth and geographic expansion, including the opening of the Cuban market."

From WorldAirlineNews at AirlinersGallery. Has the feeling of a Silver press release.
Emphasis added.

Silver is owned by Victory Park Capital, a Chicago investment firm concentrating on mid-size companies.

This feels, in part, like the guy who buys clunker houses and fixes them up to flip 'em.