Silverjet to fly again

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SILVERJET SOLD: Silverjet could be soon be taking to the skies again after its sale for an undisclosed sum to Kingplace. (Getty Images)

Silverjet could be soon be taking to the skies again after its sale for an undisclosed sum to Kingplace Ltd.

The offer from Kingplace, a company registered in Ireland, was made on behalf of private clients, a statement from Silverjet confirmed on Tuesday.

The terms of the contract have been confirmed by Nigel Atkinson and Mark Fry of Begbies Traynor, joint administrators for Silverjet and its subsidiaries, subject to contractual completion which is expected by June 13.

“I am personally delighted that we now have the necessary backing from a long term investor to relaunch Silverjet,” said Lawrence Hunt, chief executive of Silverjet.

“We will be working around the clock to launch our New York and Dubai services as quickly as possible and we will make an announcement about the date for re-launching our services in due course,” he added.

If regulatory approval is granted the airline expects to take on all of its existing staff and honor its existing customers tickets, said Ian Ilsley, chairman of Heritage and a director of Kingplace.

Silverjet collapsed into administration two weeks ago following its failure to secure a $5 million loan from Abu Dhabi-based investors, Viceroy Holdings.

Silverjet grounded as funding talks fail
BREAKING NEWS: Silverjet suspends service while Dubai passengers are in the air on route to London.

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