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Silverjet Relaunch In The Works

June 5, 2008 By: David Eisen

Kingplace Ltd., based in Ireland, has made an offer to Silverjet, the all-business-class airline, which could get the carrier up and flying again in the near future after it ended operations at the end of May due to a loss of funding. The offer by Kingplace was made on behalf of private clients.

"Kingplace can confirm that it has made an offer to Begbies Traynor and Lawrence Hunt, CEO Silverjet, with a view to purchasing Silverjet," said Ian Ilsley, director of Kingplace. "We are excited at the prospect of acquiring Silverjet and resuming operations as quickly as possible with the existing staff and in particular, Silverjet’s highly regarded crews. We will be investing in the future development and success of the brand.  We will make a further announcement in due course."

Said Silverjet CEO Lawrence Hunt: "As CEO of Silverjet my aim is to see Silverjet up and flying as quickly as possible, working with our incredible team of staff and delivering our very sivilised travel experience. We hope to make an announcement in the near future about when we will be able to resume operations."

Silverjet was making daily flights to Dubai from Newark, NJ, via London's Luton Airport. On May 30 it ceased operations when further financing failed to come through.

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