LONDON (Thomson Financial) - UK all-business-class airline Silverjet Plc. has moved closer to being rescued after reaching a preliminary agreement with Kingplace, an Irish registered company, managed by Swiss investment group Heritage, according to the Financial Times.
The troubled airline, that went into administration May 30, said Kingplace is set "to acquire and relaunch Silverjet".
Contracts are expected to be signed on Friday, the FT said.