Another US airline, Silver Airways, has filed for Chapter 11 bankruptcy protection to restructure its finances and iron out issues. The regional airline operates flights in Florida and to the Caribbean using a fleet of ATR turboprop planes.

The release also stated that Silver Airways remains committed to “delivering the safe, comfortable, and reliable travel experience.”

The retail sector is winding down a year filled with financial distress marked by several establishments filing for Chapter 11 protection. Party City revealed on Dec. 20 that it was closing all stores and going out of business,

The Container Store filed for Chapter 11 bankruptcy protection — the latest retail chain to buckle as inflation-weary shoppers pare back discretionary spending on home remodeling. The

Party City, known for its party supplies and seasonal Halloween City popup stores, has filed for bankruptcy and is going out of business.

The process should be completed by the first quarter of next year. Silver Airways says it will restructure finances. Tickets remain valid.

On Monday, Silver Airways announced its decision to file for Chapter 11 bankruptcy protection, a move aimed at securing additional capital and implementing financial restructuring. The airline shared the news through an open letter to customers, emphasizing its commitment to maintaining normal operations.