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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.
It was founded by William Coffin Coleman, who began selling gasoline pressure lamps in 1900 in Kingfisher, Oklahoma. He moved to Wichita, Kansas, in 1902. Coleman is currently owned by Jarden Corporation. In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. The corporation owned the Coleman Company, and Sunbeam Products, Inc. Brands acquired as part of this acquisition included Coleman, First Alert, Sunbeam, Mr. Coffee, and Oster. For background, in March 1998, Sunbeam Corporation acquired The Coleman Company, Inc. and Coleman Powermate. In December 2002, Sunbeam Corporation filed Chapter 11 bankruptcy and canceled its common stock.