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Silver Airways and Seaborne Virgin Islands Extend Section 1110 Period Amid Chapter 11 Proceedings

ByAdmin

Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.

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Silver Airways and Seaborne Virgin Islands Seek Extension for Aircraft Lease Agreements Amid Asset Sale Plans

ByAdmin

Silver Airways and Seaborne Virgin Islands, both operating under bankruptcy proceedings, have filed a court request to extend agreements with aircraft lessors beyond the current 60-day period. The airlines seek additional time to finalize the sale of their assets, ensuring a structured transition amid financial restructuring efforts.