“Ideas are commodity. Execution of them is not. ”
Another 'Boutique' Airline Goes Under
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.