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Archive for the ‘Silverjet Travel Inc’ Category

World Business Briefing: Britain: Airline Near Revival

Thursday, June 12th, 2008

The collapsed business class airline Silverjet plans to be back in the skies within weeks after its administrators accepted a buyout offer from a Swiss investment firm.

author By THE ASSOCIATED PRESS, source www.nytimes.com

Posted in Silverjet Travel Inc, Mergers, Acquisitions and Divestitures, Airlines and Airplanes | Comments Off | Read more..

Loss of a Backer Grounds a Business-Class Airline

Saturday, May 31st, 2008

Silverjet, the business-class-only airline, on Friday became the third such carrier to cease operations in the last six months, unable to cope with rising fuel costs or to attract new financing.

author By JULIA WERDIGIER, source www.nytimes.com

Posted in Prices (Fares, Fees and Rates), Silverjet Travel Inc, Bankruptcies, Stocks and Bonds, Airlines and Airplanes, Layoffs and Job Reductions | Comments Off | Read more..