Silver Airways CEO Darrell Richardson to Retire

FORT LAUDERDALE, FL – (January 14, 2013) – Silver Airways Corp. today announced that CEO Darrell Richardson plans to retire from the company, capping a long and distinguished career in aviation.  Mr. Richardson informed the Board of Directors of his decision and has received its full support. Silver’s board of directors is actively conducting a search for a new CEO; Mr. Richardson will remain in a consulting capacity until a transition is finalized. Richardson has also accepted an offer to join the Company’s board of directors.
 
Matthew Ray, Chairman of the Board for Silver Airways, commented on Richardson’s retirement, saying: “Darrell has played an integral role in building Silver Airways and we have realized many accomplishments under his leadership. His dedication and contributions, both strategically and operationally, have positioned us for continued future success.  We now have a strong operating platform and bright future ahead.  We could not be more thankful for Darrell’s leadership.” 
 
The former CEO of Air Turks & Caicos and Pace Airlines, Mr. Richardson’s career in aviation spans more than 40 years and includes posts with such notable former and current carriers as Continental, Air Florida and Mesaba Airlines, where he served as Chief Operating Officer from 1995 to 2000.  He started his career with Piedmont Airlines in 1968 after earning a BSEE degree from the Cook Institute of Technology.  Mr. Richardson also holds an MBA in International Business and Finance from the University of Miami.
 
About Silver Airways (www.gosilver.com)
Silver Airways Corp. (IATA: 3M) is a U.S. airline operating 200+ daily scheduled flights to/from 45 gateways in Florida, The Bahamas, Georgia, Montana, Ohio, New York, Pennsylvania and West Virginia.  The company is owned by Victory Park Capital, a Chicago-based investment firm.  Silver Airways is headquartered in Fort Lauderdale, FL with a new, state-of-the-art 61,000 square-foot maintenance facility based at Gainesville Regional Airport (GNV).  The airline operates under principal code share and alliance agreements with United Airlines and Copa Airlines.  The Silver Airways fleet is comprised of modern, state of the art aircraft with reliable, fuel-efficient jet-turbine engines, including Saab 340Bplus aircraft (maximum seating: 34 passengers) and Beechcraft 1900D aircraft (maximum seating: 19 passengers).