Hi-Ho Silver, maybe away...
02-10-2016 | 09:42 AM
#11
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Joined: Jan 2016
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I agree with you 100%. Never made any sense to me why people make that big of a fuss over this. This is a message board where people post things, its not our responsibility to find threads where this belongs in. Don't worry man I got yo back!
02-10-2016 | 11:19 AM
#12
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02-11-2016 | 04:52 AM
#13
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Joined: Mar 2013
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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.
"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.
02-11-2016 | 02:41 PM
#15
Thread Starter
Gets Weekends Off
Joined: Jan 2015
Posts: 148
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.If Silver wants to initiate flights to Cuba, (and they won't be the only people trying to do that!), they can re-deploy existing aircraft or lease more. Saab 340s are available. Their niche probably isn't Miami-Havana, unless they want to operate planes the size of an Airbus A-380. Think FLL or PBI to smaller Cuban cities, as more appropriate for them. They do not currently operate from MIA. My analysis is that the Cuba possibilities are a convenient 'hook' for Victory Capital, their owner's, plans to sell the company. But Cuba would fit in nicely with their Caribbean operations.
No Regional has as many pilots as they'd like, including Silver. Pay more, you'll get 'em, even if they come from other carriers temporarily.
Since Silver is privately held, information about them is less available than for most airlines. I neither work for them, nor have insider information.
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