News

Silverjet to relaunch?

11 Jun 2008 by Mark Caswell

New life may be breathed into the all-business class sector, if the latest rescue package for Silverjet is successful.

According to the airline’s administrators an agreement has been reached to buy the airline by Kingplace Ltd, a company registered in Ireland and managed by Geneva-based investment trust Heritage Cie. The sale - the details of which have not been disclosed - is due to be completed by this Friday (June 13).

If successful it would be a remarkable turnaround for Silverjet, whose planes have been grounded since May 30. It is understood that the deal includes the carrier’s employees being retained and existing tickets being honoured.

Silverjet’s CEO Lawrence Hunt said the airline would be working “around the clock to launch our New York and Dubai services as quickly as possible”.

For more information visit flysilverjet.com, and for Alex McWhirter's indepth look at how soaring oil prices are affecting the aviation industry, click here.

Report by Mark Caswell

Loading comments...

Search Flight

See a whole year of Reward Seat Availability on one page at SeatSpy.com

Business Traveller March 2024 edition
Business Traveller March 2024 edition
Be up-to-date
Magazine Subscription
To see our latest subscription offers for Business Traveller editions worldwide, click on the Subscribe & Save link below
Polls