Silverjet rises from the ashes
Last updated at 10:26 12 June 2008
Silverjet: taking to the skies once again
Britain's business-class only airline Silverjet is set to rise from the ashes after a Swiss investment company agreed to buy and relaunch the firm.
Kingplace, an Irish-registered company managed by Swiss trust and management company Heritage stepped in after the airline collapsed last month.
"If these negotiations are successful, we expect to take on all of the existing staff, to honour Silverjet's existing customers' tickets and see Silverjet return to the skies in a matter of weeks," said Ian Ilsley, Chairman of Heritage and a Director of Kingplace.
Silverjet was set up in early 2007 and flew 88,000 passengers in just over a year, operating services from London to New York and Dubai.
But the airline was hit by record fuel prices and worsening economic conditions in Britain and the US.
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