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The company is owned by Victory Park Capital, a Chicago-based investment firm. Silver Airways is headquartered in Fort Lauderdale (Florida) with a maintenance facility based at Gainesville Regional Airport in Florida. The airline operates under a principal code share and alliance agreement with United Airlines.
In 1992, Don Carano, a long time Reno attorney and CEO/Chairman of the Eldorado Hotel Casino and Clyde Turner, CEO of Circus Circus Enterprises joined together to design the Silver Legacy. At the time, Las Vegas in Southern Nevada was growing fast and far overtaking Reno with larger and more lavish casino-hotels.