Jaunted

Silverjet Closing up Shop

5/30/2008 at 9:51 AM
Tags: Airlines, All Business Class Carriers, Silverjet, Airline Bankruptcy (all tags)

Silverjet has gone the way of Maxjet and Eos, grounding its planes after running out of cash. The all business class carrier was the last to fly the NYC to London route, but despite promises of financing, the money just never materialized.

CEO Lawrence Hunt put out a statement on Silverjet's website:

Your belief in us was shared by our investors--but regrettably, due to unforeseen circumstances, they were unable to unlock the finance that we needed. As a result, we are very sad to announce that from May 30, 2008, we will cease operations and we are no longer able to honor flight reservations.

That leaves L'Avion, which has a deal with British Airways' new spin-off OpenSkies, as the last transatlantic biz class carrier. An industry analyst gave Bloomberg one last--surprisingly sweet--comment on Silverjet:

It's sad in a way because they did make a lot of customers happy over the time they were operating.

Related Stories:
· Silverjet Stops Flights as Oil Costs Cripple Industry [Bloomberg]
· Silverjet Ceases Operations [Travel Weekly UK]
· All Business Class Carriers coverage [Jaunted]