Jun 10 2008
Silverjet To Fly Again
Less than two weeks ago, Silverjet abruptly halted operations and stranded hundreds of travelers. Due to cash flow problems, Silverjet no longer had any money left to continue operating flights. Despite their shutdown, the luxury airline stated that they would be back in the air as soon as they received a rescue package. Analysts never thought they would come back, however.
To the surprise of almost everybody, on June 10, Silverjet announced it had found a company that would back it financially. Kingplace, the funding company, will acquire them in the process. It is currently unknown what will happen to the airline’s current administration.
Kingplace hopes to relaunch Silverjet as soon as possible.
