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.

Share this...

Add your comment:

By submitting a comment, you are allowing AIN Publications to edit and use your comment in all media.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
 

Quote/Unquote

“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham