SilverJet (Merged 30/05)
Join Date: Feb 2008
Location: Birmingham
Posts: 19
Likes: 0
Received 0 Likes
on
0 Posts
one week to takeoff
Silverjets lifeline is not yet a done deal. The full statement to the stockexchange said they would update people on the 6th May along with the traffic data. One should recall that EOS said it had a life line but it failed at the last stage. Once the investor has looked in detail at the books they could give the airline a massive boust by putting in their money. Staff should be pleased that progress has been made but do wait till the fat invester hands over money for the real party. 
Join Date: Mar 2004
Location: UK
Posts: 115
Likes: 0
Received 0 Likes
on
0 Posts
The issue with EOS apparently was that the further investment and associated stakeholding took the ownership of the company over the limit for foreign investors....a likely story I know but this came from the inside..the investor was actually from Dubai...so could this be the same person?
Join Date: Dec 2007
Location: bhx
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
http://www.travelmole.com/stories/11..._id=_rs~Y!vb_r
Hmm..so if the fundign fails to happen does that mean silverjet could go to the wall.
In the unlikely event that these agreements are not completed, Silverjet will have to source alternative means of funding as a matter of urgency.
Join Date: Apr 1999
Location: England
Posts: 335
Likes: 0
Received 0 Likes
on
0 Posts
I think we should worry about Fuel Prices rather than Share Price and Investments - if fuel prices stay where they are or in fact continue to increase the whole issue becomes irrelevant and this is not just a SilverJet issue but airline-wide....
Last edited by Jet A1; 30th Apr 2008 at 22:54.
Join Date: May 2005
Location: Milton Keynes
Posts: 1,070
Likes: 0
Received 0 Likes
on
0 Posts
To be more sombre, OPEC yesterday said an oil price of $200/barrel was not inconceivable. Given that Jet A1 is not taxed heavily no doubt this would represent proportionally a bigger increase for airlines than me and my Ford Mondeo.
Any care to tell me as SLF what $200 might me to the airline industry?
Any care to tell me as SLF what $200 might me to the airline industry?
Join Date: Mar 2006
Location: Earth
Posts: 309
Likes: 0
Received 0 Likes
on
0 Posts
Yesterday's newspaper was talking about an oil price of $250/barrel. If this indeed happens a lot of people in the aviation industry will be out of a job.
22/04 The crude oil price at the moment is $114.60/barrel and this already has major implications for the airlines. You can only imagine what $200-$250/barrel will mean.
They also mentioned the fuel price (for cars) is likely to reach £1,50/liter by autumn.
If this indeed happens it will have a major impact on the economy.
Good to see that SilverJet has found an investor. It would be a shame to see the employees of SilverJet without a job. I wish them the best of luck.
22/04 The crude oil price at the moment is $114.60/barrel and this already has major implications for the airlines. You can only imagine what $200-$250/barrel will mean.
They also mentioned the fuel price (for cars) is likely to reach £1,50/liter by autumn.
If this indeed happens it will have a major impact on the economy.
Good to see that SilverJet has found an investor. It would be a shame to see the employees of SilverJet without a job. I wish them the best of luck.
Join Date: Jan 2001
Location: UK
Posts: 283
Likes: 0
Received 0 Likes
on
0 Posts
For every dollar the fuel price goes up costs CO about $40-45 million in annual fuel costs..
It wont be just Silverjet going to the wall if it gets to $200 but a lot of others are going to be looking warily over their shoulders.
It wont be just Silverjet going to the wall if it gets to $200 but a lot of others are going to be looking warily over their shoulders.
Join Date: Jun 2002
Location: Midlands
Posts: 42
Likes: 0
Received 0 Likes
on
0 Posts
Give it a rest
Maybe Im just being grumpy cos its way too early. But, I just have to say...
Bloody hell guys!!!!
We get some fantastic news about Silverjet. (Keeping fingers crossed all is approved and binding)
But Now aparently ALL Airlines will go bust cos of the Fuel Price!
Bloody Doomsayers... Get a life
Sorry If I offend anyone but come on guys... please just be happy for Silverjet for once and post yer doom and gloom somewhere else!
PS. Silverjet CAN easily raise its fares in line with Oil price and still undercut all our Rivals!
Bloody hell guys!!!!
We get some fantastic news about Silverjet. (Keeping fingers crossed all is approved and binding)
But Now aparently ALL Airlines will go bust cos of the Fuel Price!
Bloody Doomsayers... Get a life
Sorry If I offend anyone but come on guys... please just be happy for Silverjet for once and post yer doom and gloom somewhere else!
PS. Silverjet CAN easily raise its fares in line with Oil price and still undercut all our Rivals!
Join Date: Oct 2007
Location: UK
Age: 60
Posts: 22
Likes: 0
Received 0 Likes
on
0 Posts
Without wishing to be over dramatic, but as stated in above posts, IF the oil price reaches $200-250 per barrel, then there will be very few airlines left to fly with. Alternatively, the standard fares will be over £1000 return to Europe and closer to £2000 for long haul. For business and First, then a new mortgage will be required - Oh yeah, we cannot get those anymore can we.......
Something drastic will be needed to stop this spiralling fuel cost increase. It's not just the airline industry that will suffer.
Something drastic will be needed to stop this spiralling fuel cost increase. It's not just the airline industry that will suffer.
Join Date: Mar 2006
Location: Earth
Posts: 309
Likes: 0
Received 0 Likes
on
0 Posts
Yes, OPS! I did it again,
You are a bit grumpy today, maybe its better for you not to post before 11.30am.
Personally I don't like bashing any airline (SilverJet in this case), and if you read my post you will see that I wish you all the best at SilverJet.
And not a doomsayer at all but being realistic you know as well as I do that may the predictions come true and the fuel price will rise to $200-$250/barrel the avaition industry will be in for a very rough ride. And I make no predictions on who the first victims will be, neither is my intention to say that if the fuel price rises SilverJet will be out of business. It is just a general statement regarding the aviation industry as a whole.
The Directors of the company I work for are already complaining about the fuel price and if it doubles again it will have a severe impact on the operation. Might be looking for a new job myself!
Anyway, several people left our company to join SilverJet and I wish them all the best, again!
CEJM
Edited: The post of the fuel price was in response to 22/04's post. It was just coincidence that it was on the SilverJet thread. Could have been on any other airline's thread.
You are a bit grumpy today, maybe its better for you not to post before 11.30am.
Personally I don't like bashing any airline (SilverJet in this case), and if you read my post you will see that I wish you all the best at SilverJet.
And not a doomsayer at all but being realistic you know as well as I do that may the predictions come true and the fuel price will rise to $200-$250/barrel the avaition industry will be in for a very rough ride. And I make no predictions on who the first victims will be, neither is my intention to say that if the fuel price rises SilverJet will be out of business. It is just a general statement regarding the aviation industry as a whole.
The Directors of the company I work for are already complaining about the fuel price and if it doubles again it will have a severe impact on the operation. Might be looking for a new job myself!
Anyway, several people left our company to join SilverJet and I wish them all the best, again!
CEJM
Edited: The post of the fuel price was in response to 22/04's post. It was just coincidence that it was on the SilverJet thread. Could have been on any other airline's thread.
Last edited by CEJM; 1st May 2008 at 09:21.
Join Date: Jun 2002
Location: Midlands
Posts: 42
Likes: 0
Received 0 Likes
on
0 Posts
Ha Ha... I have had my Breakfast now... So Im in a better mood. (Must be the Jetlag)
Thanks for wishing us luck CEJM! I know alot of you wish us the best, thanks for that...
It just seems to me to me that no matter what Silverjet do we get doom and gloom thown at and around us!... By the minority!!!
Now... Be gone and throw it at another Airline!
(Or I'll get really Grumpy!!!! lol)
edited to say. Maybe someone should start another thread about Oil prices instead of writing it in this Silverjet thread? thanx.
Thanks for wishing us luck CEJM! I know alot of you wish us the best, thanks for that...
It just seems to me to me that no matter what Silverjet do we get doom and gloom thown at and around us!... By the minority!!!
Now... Be gone and throw it at another Airline!
(Or I'll get really Grumpy!!!! lol)
edited to say. Maybe someone should start another thread about Oil prices instead of writing it in this Silverjet thread? thanx.
Last edited by Ops! I did it again; 1st May 2008 at 09:45.
Join Date: Sep 1999
Location: The Deep South (Sussex)
Posts: 783
Likes: 0
Received 0 Likes
on
0 Posts
Seems to me that any more hikes in the fuel price could well leave the business only class airlines in a better position.
The majority of their pax travel on business-not pleasure and therefore will still travel. Any increase in fuel surcharge (even when factored for the reduced number of seats on the aircraft) will represent a smaller proportion of the business ticket price than the tourist ticket price. (at present North Atlantic tickets can be had for under £300 return).
Whether the big boys with acres of cheap seats in the rear that a huge fuel surcharge would leave empty will then cover costs may be debatable. The charter firms with nothing else to offer would suffer more.
That is the theory of an innocent like me who only studied economics up to HND (and never got to complete the course). As this would direct benefit Silverjet (If I am correct)...could someone who did the whole course comment?
The majority of their pax travel on business-not pleasure and therefore will still travel. Any increase in fuel surcharge (even when factored for the reduced number of seats on the aircraft) will represent a smaller proportion of the business ticket price than the tourist ticket price. (at present North Atlantic tickets can be had for under £300 return).
Whether the big boys with acres of cheap seats in the rear that a huge fuel surcharge would leave empty will then cover costs may be debatable. The charter firms with nothing else to offer would suffer more.
That is the theory of an innocent like me who only studied economics up to HND (and never got to complete the course). As this would direct benefit Silverjet (If I am correct)...could someone who did the whole course comment?
And would this help silverjet Join Date: Aug 2000
Location: Egcc
Posts: 1,695
Likes: 0
Received 0 Likes
on
0 Posts
Lou
Agree that business pax will still travel, but I am not sure I am with you regarding the charter operators. If you mean IT charter airlines then I would have to disagree with your assumption that they will be badly hit as they have nothing more to offer.
Word on the streets in my IT charter airline is that bookings are up year on year and the credit crunch has not had a big impact. Why? Because an annual holiday is viewed by many in this country as a 'must have' item, and you can understand why when you look at what is happening with the place!
The low cost airlines that have been booming are going to be hit most. Why? Because a huge number of their pax are going on short breaks, some doing several a year. Lots of 'stags and hens' too. This is the traffic that will withdraw its business when times are hard. Like I said, annual family holiday will be chopped well after the 'boozy weekends' away. I understand Ryanair are parking up aircraft later this year?
PP
Agree that business pax will still travel, but I am not sure I am with you regarding the charter operators. If you mean IT charter airlines then I would have to disagree with your assumption that they will be badly hit as they have nothing more to offer.
Word on the streets in my IT charter airline is that bookings are up year on year and the credit crunch has not had a big impact. Why? Because an annual holiday is viewed by many in this country as a 'must have' item, and you can understand why when you look at what is happening with the place!
The low cost airlines that have been booming are going to be hit most. Why? Because a huge number of their pax are going on short breaks, some doing several a year. Lots of 'stags and hens' too. This is the traffic that will withdraw its business when times are hard. Like I said, annual family holiday will be chopped well after the 'boozy weekends' away. I understand Ryanair are parking up aircraft later this year?
PP