Silverjet - the second coming?

6th Jun 2008

The most high-profile casualty of the fuel crisis, Silverjet, could see a shock return to the skies. Former chief executive, Lawrence Hunt, has announced he is attempting to buy back the bankrupt business-class-only carrier from the administrators.He has teamed up with Heritage Cie, a Swiss investment company, to make a bid for the carrier. Kingplace, a company backed by Heritage, say it had lodged an offer with Silverjet’s administrators, Begbies Traynor.

Hunt said he hoped to make a further announcement soon about the resumption of flights by the Luton Airport-based airline.

He said: “I am delighted to confirm that Kingplace is in conversation with Begbies Traynor about Silverjet resuming operations in the near future. As CEO of Silverjet my aim is to see Silverjet up and flying as quickly as possible.”

Ian Ilsley, chairman of Heritage, expressed excitement about acquiring Silverjet and “investing in the future development and success of the brand”.


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