Seaborne Airlines (BB, San Juan Luis Muñoz Marin) has entered into an agreement to purchase its first DHC-6-300 Twin Otter aircraft, and has also signed a Letter of Intent (LOI) with CAVU Aviation Finance to acquire and finance up to three additional Twin Otters.

The carrier, which was recently acquired by US investment fund Leonite Fund I LP from now-defunct Silver Airways, aims to deploy the aircraft on high-demand interisland routes in the Caribbean to deepen its schedules, increase operational resilience, and grow its network, according to a press release.

ch-aviation fleet data shows Seaborne Airlines operates with a single DHC-6-300, C-GPOQ (msn 464), dry-leased from Kenn Borek Air. The carrier did not disclose the serial number or registration of the Twin Otter it will acquire. ch-aviation reached out for more information but it was not immediately available.

“This announcement of our agreement to purchase a first aircraft and the LOI for three more is the fuel to reignite the Caribbean air bridge,” said Darrell Richardson, president and CEO of Seaborne Airlines.

Earlier in the year, Silver Airways failed to reorganise under Chapter 11 bankruptcy protection. Its assets were sold to Argentum Acquisition Co. LLC, a subsidiary of Wexford Capital, and the brand was discontinued (despite reports of a possible relaunch). Seaborne Airways was sold separately to Leonite Fund I LP, which pledged to keep the Puerto Rican carrier active. According to its website, Seaborne flies exclusively between St. Thomas SPB and St. Croix SPB.