On June 11, Fort Lauderdale vacation airline Silver Airways formally ended six months of looking for a way out of bankruptcy by accepting a stalking horse offer of $5.77 million.
As the offer will not even make a dent in the more than $500 million that the airline owes its creditors, the hedge fund that took it over made the immediate call to cease all operations.
Silver put out an Instagram post telling travelers with booked tickets to “not go to the airport” and instead seek refunds from their credit card provider or travel agency, as the airline would not be able to provide them…