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Silverjet rescue bid fails

06/17/2008| 9:53:00 AM| 中文

16 June, 2008: An attempt to rescue all business class carrier Silverjet has failed and all 420 staff have been made redundant. <br>

16 June, 2008: An attempt to rescue all business class carrier Silverjet has failed and all 420 staff have been made redundant.

A deal with prospective purchaser Kingplace, signalled by the carrier´s administrators last week, collapsed on Friday.

Joint administrators Nigel Atkinson and Mark Fry of Begbies Traynor said that as a result of "unusually complex negotiations with third parties" Kingplace was no longer able to acquire Silverjet as a going concern.

"We are extremely disappointed to have had to make these redundancies which we had been working to prevent.

"We continue to negotiate the sale of Silverjet´s assets for the benefit of the company´s creditors and will provide an update as soon as we are able."

The Luton-based carrier´s CEO Lawrence Hunt had been confident of winning backing from a long term invstor to relaunch the airline on services to New York and Dubai.

But today´s news suggests that there is now little chance of Silverjet ever flying again, despite strong support from the travel trade and passengers for the concept.
TAGS: Silverjet | all business class carrier | Kingplace
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