Another 'Boutique' Airline Goes Under

Business Jet Traveler » August 2008
Friday, August 1, 2008 - 5:00am

Britain's all-business-class carrier Silverjet ceased operations in May, becoming the third such airline to collapse within six months. MAXjet launched service in November 2005 and ceased operations in December 2007. Eos, which began service a month before MAXjet, lased just four months longer, filing for bankruptcy in April 2008. Silverjet had counted on a $5 million loan from Abu Dhabi-based investors that failed to materialize. The loss of Silverjet leaves French operator L'Avion, with Paris-New York service, as the sole remaining standalone, all-business-class operator.

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“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”