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, and for Alex McWhirter’s indepth look at how soaring oil
prices are affecting the aviation industry, click here.

Report by Mark

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