They have a bigger problem, they don't own the airframes; they are all leased. That's why IMHO the leasing company ended the tour in the US, that's where they wanted the airframe.
And lets not forget the loan that the Reuben brothers have in Silverjet, they would want their money out first.
So between the 10mm for Reubens, the leases on the A/C, any investor will need to put in 10-20mm plus the financing required by the CAA for 6 months of operating cost, we are talking close to 40mm add to that the 40mm that the company has incurred in debt sofar and the total rescue package needs to be close to 80mm Sterling. Not worth it for a name wit no assets. Nothing to strip.
Last edited by cldrvr; 6th Jun 2008 at 12:58.