SilverJet (Merged 30/05)
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Leo, would a relatively new company such a SJ even be able to consider buying lounge space at LHR? Would there even be the facilities avaliable for a private terminal, let alone slots...?
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Leo Hairy-Camel said "B777-200LR perhaps, LHR-SYD non-stop" and missed the point.
There are plenty of business seats available from the big operators on that run already...but at a price most of us can't afford.
What we need is a really good premium service on long haul flights that we can afford. Following the Easyjet short haul model, this usually means operating from smaller airports with smaller aircraft that enable the costs to be cut.
Despite the three business airline failures this year I am still hoping that decent seats at decent prices will still be possible in the future.
There are plenty of business seats available from the big operators on that run already...but at a price most of us can't afford.
What we need is a really good premium service on long haul flights that we can afford. Following the Easyjet short haul model, this usually means operating from smaller airports with smaller aircraft that enable the costs to be cut.
Despite the three business airline failures this year I am still hoping that decent seats at decent prices will still be possible in the future.
Join Date: Sep 2006
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LHR SYD 170 load
Since no existing operator to Australia has anything like 170 premium seats on a single flight, what makes Harrogate think such capacity could be filled on a dedicated J-class-only 777 ?
Last edited by Blowstar; 1st Jun 2008 at 10:30. Reason: typo
Join Date: Nov 2000
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Have to agree with Blowstar on that one.
30 flights a day between London and NYC with maybe 720 premium (business) seats. SJ were after about 14% of that.
From London - Sydney there are only around 10 flights including connections; about 1/3rd of the NYC capacity but a 777 would want to take 71% of the existing capacity. Not really feasible.
30 flights a day between London and NYC with maybe 720 premium (business) seats. SJ were after about 14% of that.
From London - Sydney there are only around 10 flights including connections; about 1/3rd of the NYC capacity but a 777 would want to take 71% of the existing capacity. Not really feasible.
Join Date: Apr 2008
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Silverjet
Has anybody heard if the 2 767s at LTN are departing this coming week for short-term storage anywhere. Would imagine they will rack up hign parking fees white at LTN. Showing my age but reminiscent of the Court Line Tristars.
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I'm sure the airport won't let the airplanes leave without outstanding monies paid, one is in Monarch's hangar 'C' check?
Will the office staff turn up for work on Monday waiting on good news?
Will the office staff turn up for work on Monday waiting on good news?
Join Date: Jun 2008
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Silverjet employee.
I knew the risk and joined the team near the start. I stuck with SJ through the ups and downs and will continue to support the team until I must be Silver no more! I was kept well informed by our fabulous management team and of course by LH. I was also aware what the opinions were of the company and also the speculation surrounding us. But to be honest if I had the chance to do it all again - I would jump at the chance. A great product, brilliant workplace and the people were an amazing team and I have loved every minute of it.
Each and everyday we get fabulous feedback from our pax. Even after suspending operations, the good feedback and the words of encouragement poured in from our customers.
Today I finally gave in to pprune and joined. I just wanted to say thanks for the kind words on here and also leave a comment of support to my fellow colleagues - air and ground crew at this terrible time.
On Monday I shall be pitching up at the office as normal to support the team and also to gather information to keep my colleagues away from the office updated.
My heart goes out to the crew, the administrators priority is the outstanding pay, I sincerely hope this is sorted soon.
Each and everyday we get fabulous feedback from our pax. Even after suspending operations, the good feedback and the words of encouragement poured in from our customers.
Today I finally gave in to pprune and joined. I just wanted to say thanks for the kind words on here and also leave a comment of support to my fellow colleagues - air and ground crew at this terrible time.
On Monday I shall be pitching up at the office as normal to support the team and also to gather information to keep my colleagues away from the office updated.
My heart goes out to the crew, the administrators priority is the outstanding pay, I sincerely hope this is sorted soon.
Last edited by EverythingSilver; 1st Jun 2008 at 15:18. Reason: weird text in post?
Join Date: Jun 2005
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SquareOne
Join Date: May 2008
Location: LDN
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'Offered' two of the aircraft. Forgive me if i'm wrong, but that sounds ludacris to me considering their in talks with these investors.
Square One, SilverJet don't own the aircraft, two commercial lessors own the 3. Do you really think the lessors are just going to hang around until SilverJet do (hope so) or don't get their business up and running again?
If I were a lessor I would wish that SilverJet were successful - no lawyers and transition to a new carrier - but in the meantime I'd be looking for new secure homes so I got paid my USD450,000 or so per month that 2 aircraft are probably worth in today's market .
Still sounds 'ludacris'?!
PS - EverythingSilver you are a credit to both SilverJet and your colleagues. I wish you all every success.
Join Date: May 2008
Location: LDN
Age: 26
Posts: 9
'Offered' two of the aircraft. Forgive me if i'm wrong, but that sounds ludacris to me considering their in talks with these investors.
Square One, SilverJet don't own the aircraft, two commercial lessors own the 3. Do you really think the lessors are just going to hang around until SilverJet do (hope so) or don't get their business up and running again?
If I were a lessor I would wish that SilverJet were successful - no lawyers and transition to a new carrier - but in the meantime I'd be looking for new secure homes so I got paid my USD450,000 or so per month that 2 aircraft are probably worth in today's market .
Still sounds 'ludacris'?!
PS - EverythingSilver you are a credit to both SilverJet and your colleagues. I wish you all every success.
Join Date: Aug 2005
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$450k a month for old 767-200's?
Sounds like a lot of money, seeing as the wholemarket is about to implode up it's own arse.
These kind of airplanes are so old fashioned, outdated and economically unviable that more and more will be parked up in the coming months.
The oil price rise did for Silverjet in the end, but the airplanes did burn a lot of gas too at M.80 at 30W.
I really feel for Silverjet employees, but the end is here for the company and the end is also nigh for ancient machines such as the 767-200. Fuel costs make them useless.
Sounds like a lot of money, seeing as the wholemarket is about to implode up it's own arse.
These kind of airplanes are so old fashioned, outdated and economically unviable that more and more will be parked up in the coming months.
The oil price rise did for Silverjet in the end, but the airplanes did burn a lot of gas too at M.80 at 30W.
I really feel for Silverjet employees, but the end is here for the company and the end is also nigh for ancient machines such as the 767-200. Fuel costs make them useless.
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stansdead
Join Date: Aug 2005
Location: uk
Posts: 194 $450k a month for old 767-200's?
Sounds like a lot of money, seeing as the wholemarket is about to implode up it's own arse.
Stansdead,
Figure quoted was a stab for two units - monthly lease to a startup should be just over USD200k per aircraft per month hence total figure. For interest, with B787 delay, good -300ERs are in great demand, and even half decent -200s will initially maintain some value, even in a downturn.
However I fully agree that in general hull values are in for a big drop, combining the perfect storm of difficult credit , massive overcapacity, lack of demand and record new aircraft deliveries just arriving. Should create even bigger opportunities for those with cash to buy than even 1991 - 1996 and 2001 - 2004 cycles.
I also agree that the B767 200 was not the right aircraft for MaxJet and SilverJet - B757 in the L'Avion concept carries c.15% less passengers vs. the B767 200 at c.30% less variable cost. The 15% reduction in capacity would have had little revenue impact on most of Max and Silver's flights (average load factor was well below 85%) but the cost saving might have made all the difference.
Join Date: Aug 2005
Location: uk
Posts: 194 $450k a month for old 767-200's?
Sounds like a lot of money, seeing as the wholemarket is about to implode up it's own arse.
Stansdead,
Figure quoted was a stab for two units - monthly lease to a startup should be just over USD200k per aircraft per month hence total figure. For interest, with B787 delay, good -300ERs are in great demand, and even half decent -200s will initially maintain some value, even in a downturn.
However I fully agree that in general hull values are in for a big drop, combining the perfect storm of difficult credit , massive overcapacity, lack of demand and record new aircraft deliveries just arriving. Should create even bigger opportunities for those with cash to buy than even 1991 - 1996 and 2001 - 2004 cycles.
I also agree that the B767 200 was not the right aircraft for MaxJet and SilverJet - B757 in the L'Avion concept carries c.15% less passengers vs. the B767 200 at c.30% less variable cost. The 15% reduction in capacity would have had little revenue impact on most of Max and Silver's flights (average load factor was well below 85%) but the cost saving might have made all the difference.
Last edited by flying brain; 1st Jun 2008 at 18:23.
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Silverjet in talks for early sell-off
http://business.timesonline.co.uk/to...cle4039998.ece
ADMINISTRATORS at Silverjet, the luxury airline, are negotiating with a number of potential buyers in the hope of selling the company early this week.
Silverjet, which flew from Luton to New York and Dubai, suspended operations on Friday, saying it had been unable to conclude last-minute talks on a cash injection. A week earlier it suspended its shares after a funding deal with Middle Eastern investors proved abortive.
Begbies Traynor, the restructuring specialists, were appointed as administrators on Friday. Airline-industry sources suggested that Viceroy Holdings, the investment fund behind the abortive refinancing deal, might be a bidder. There is thought to be another offer from a group of former managers who recently left the airline.
An important role will be played by the Reuben brothers, the property tycoons who last year became Silverlink’s senior creditors after advancing it a £10m loan.
- Boeing has paid Ryanair to promote its products in Europe, according to a Securities and Exchange Commission filing.
Silverjet, which flew from Luton to New York and Dubai, suspended operations on Friday, saying it had been unable to conclude last-minute talks on a cash injection. A week earlier it suspended its shares after a funding deal with Middle Eastern investors proved abortive.
Begbies Traynor, the restructuring specialists, were appointed as administrators on Friday. Airline-industry sources suggested that Viceroy Holdings, the investment fund behind the abortive refinancing deal, might be a bidder. There is thought to be another offer from a group of former managers who recently left the airline.
An important role will be played by the Reuben brothers, the property tycoons who last year became Silverlink’s senior creditors after advancing it a £10m loan.
- Boeing has paid Ryanair to promote its products in Europe, according to a Securities and Exchange Commission filing.
Join Date: May 2008
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An important role will be played by the Reuben brothers, the property tycoons who last year became Silverlink’s senior creditors after advancing it a £10m loan.
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Originally Posted by SquareOne
'Offered' two of the aircraft. Forgive me if i'm wrong, but that sounds ludacris to me considering their in talks with these investors.
to me.C.