SilverJet
Join Date: Oct 2006
Location: I live like a gypsy.
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The Business Class only model has crashed and so will Low Cost, which isn't low cost anymore due to the oil price alone and swingeing hikes in the UK's Air Departure Duty.
Even RyanAir won't survive whats coming.
Even RyanAir won't survive whats coming.
Join Date: Jan 2005
Location: Uk
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Well said Carnage!!
SJ really has brainwashed all their staff!!
The circus arrived in town 18 months ago , and now it HAS GONE FOR GOOD!!!
Along with others I was dubious about this product working, and it hasn't.
All you ex SJ people, please please move on and go work for a well established airline, such as BA or something.
Again, said before, why would anybody in the right mind buy a ticket on SJ if they were to 'reinvent' themselves??
Many major carriers are feeling the pinch with the fuel situation, at least they have some financial reserves to ride the waves, SJ didn't!!
The way I see it, just look back and think of the places you went to and saw with memories, but MOVE ON!!
SJ really has brainwashed all their staff!!
The circus arrived in town 18 months ago , and now it HAS GONE FOR GOOD!!!
Along with others I was dubious about this product working, and it hasn't.
All you ex SJ people, please please move on and go work for a well established airline, such as BA or something.
Again, said before, why would anybody in the right mind buy a ticket on SJ if they were to 'reinvent' themselves??
Many major carriers are feeling the pinch with the fuel situation, at least they have some financial reserves to ride the waves, SJ didn't!!
The way I see it, just look back and think of the places you went to and saw with memories, but MOVE ON!!
Join Date: Nov 2007
Location: london
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Its very sad when something like this happens. There are always going to be winners and there always going to be losers. Its the nature of the beast unfortuantly.
I know deep down I would be really gutted if things went pear shaped at BA and I lost my job.
But I would also see it as a new start and move on with my life.
You all had a life before SJ, its very sad I know but I have to agree with so many of the posters on here. Time to move on. If SJ does come back into business in the not too distant future great, but if it doesn't so be it.
I know deep down I would be really gutted if things went pear shaped at BA and I lost my job.
But I would also see it as a new start and move on with my life.
You all had a life before SJ, its very sad I know but I have to agree with so many of the posters on here. Time to move on. If SJ does come back into business in the not too distant future great, but if it doesn't so be it.
Join Date: May 2002
Location: UK
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WOW! Daily updates. Its an email I guess? Please, I can bang out a couple of sentence and email a whole load of people every day. Few minutes, under 5 I`d guess.
If they ever do get Silverjet airborne again do you really believe it will last. Google Braniff and see how many times thats started up. National Airlines in US.
Laker had this sort of thing to I believe. He restarted in the US and ran a short lived DC10 service from Florida to London.
The Silver is tarnished.
I worked for an airline which went bust at Luton. A skeleton staff were kept on ie AOC holders so the airline had some value to sell on. Rumours Virgin Express were interested, course they weren`t. A month later they were laid off. There were NO buyers airline closed. Wait till you see the assets.. the ex airline had a second hand banger of a car listed. And your get x pence in the £ possibly in a year or more the main creditors have been paid off.
I went off and worked in a supermarket in Harpenden for a couple of weeks, then manager in travel agent. It wasn`t for me but I had a go. I`m back as crew now on the best T&Cs and money in the UK.
If they ever do get Silverjet airborne again do you really believe it will last. Google Braniff and see how many times thats started up. National Airlines in US.
Laker had this sort of thing to I believe. He restarted in the US and ran a short lived DC10 service from Florida to London.
The Silver is tarnished.
I worked for an airline which went bust at Luton. A skeleton staff were kept on ie AOC holders so the airline had some value to sell on. Rumours Virgin Express were interested, course they weren`t. A month later they were laid off. There were NO buyers airline closed. Wait till you see the assets.. the ex airline had a second hand banger of a car listed. And your get x pence in the £ possibly in a year or more the main creditors have been paid off.
I went off and worked in a supermarket in Harpenden for a couple of weeks, then manager in travel agent. It wasn`t for me but I had a go. I`m back as crew now on the best T&Cs and money in the UK.
Join Date: Feb 2008
Location: UK
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Press Release!!
KINGPLACE CONFIRMS OFFER TO BEGBIES TRAYNOR FOR RELAUNCH OF SILVERJET.
4th June 2008, Kingplace Ltd. announces that it has made an offer to Begbies Traynor, administrator, and Lawrence Hunt, CEO of Silverjet, to relaunch the British exclusively business class airline.
Kingplace is registered in Ireland and managed by Heritage Cie S.A., a Geneva trust and management company. The offer by Kingplace is being made on behalf of private clients.
Ian Ilsley, Chairman of Heritage and a Director of Kingplace comments:
"Kingplace can confirm that it has made an offer to Begbies Traynor and Lawrence Hunt, CEO Silverjet, with a view to purchasing Silverjet. We are excited at the prospect of acquiring Silverjet and resuming operations as quickly as possible with the existing staff and in particular, Silverjet’s highly regarded crews. We will be investing in the future development and success of the brand. We will make a further announcement in due course".
Lawrence Hunt, Chief Executive of Silverjet comments:
“I am delighted to confirm that Kingplace is in conversation with Begbies Traynor about Silverjet resuming operations in the near future. As CEO of Silverjet my aim is to see Silverjet up and flying as quickly as possible, working with our incredible team of staff and delivering our very sivilised travel experience. We hope to make an announcement in the near future about when we will be able to resume operations.”
4th June 2008, Kingplace Ltd. announces that it has made an offer to Begbies Traynor, administrator, and Lawrence Hunt, CEO of Silverjet, to relaunch the British exclusively business class airline.
Kingplace is registered in Ireland and managed by Heritage Cie S.A., a Geneva trust and management company. The offer by Kingplace is being made on behalf of private clients.
Ian Ilsley, Chairman of Heritage and a Director of Kingplace comments:
"Kingplace can confirm that it has made an offer to Begbies Traynor and Lawrence Hunt, CEO Silverjet, with a view to purchasing Silverjet. We are excited at the prospect of acquiring Silverjet and resuming operations as quickly as possible with the existing staff and in particular, Silverjet’s highly regarded crews. We will be investing in the future development and success of the brand. We will make a further announcement in due course".
Lawrence Hunt, Chief Executive of Silverjet comments:
“I am delighted to confirm that Kingplace is in conversation with Begbies Traynor about Silverjet resuming operations in the near future. As CEO of Silverjet my aim is to see Silverjet up and flying as quickly as possible, working with our incredible team of staff and delivering our very sivilised travel experience. We hope to make an announcement in the near future about when we will be able to resume operations.”
Join Date: May 2000
Location: London
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I wish everyone at Silverjet all the best and it would be good to see it back.
But realistically the brand is tarnished unfortunatly, and how much money is this investor going to pump in? Enough to sustain Silverjet for enough time for it to make money to keep going on its own?
And I am sure the majors might turn the screw a bit as well.
Would be good to be proved wrong though.
But realistically the brand is tarnished unfortunatly, and how much money is this investor going to pump in? Enough to sustain Silverjet for enough time for it to make money to keep going on its own?
And I am sure the majors might turn the screw a bit as well.
Would be good to be proved wrong though.
Join Date: May 2002
Location: UK
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mmmm... tarnished silver may fly again? Or are we re naming to another element? So hopefully the cabin crew unpaid will get full pay for the month they worked.
Well the business class airlines don`t work wonder if the 2 class cabin will be introduced? (if it flies) or economy class type service.
Well the business class airlines don`t work wonder if the 2 class cabin will be introduced? (if it flies) or economy class type service.
Join Date: Dec 2006
Location: London
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Guys-lets remember that airlines feel very little loyalty to their staff.
I go to work, do my job well, take good care of my pax etc etc but I don't owe the airline anything-just remember that they would make you redundant at their click of their fingers if they needed too.
Reading these posts its a little sad that some ex SJ are ultra loyal to the airlne and would work for free. It's awful that you have lost your jobs but you need to move on and not rely on SJ to get back in the air.
Oh and join a union!
I go to work, do my job well, take good care of my pax etc etc but I don't owe the airline anything-just remember that they would make you redundant at their click of their fingers if they needed too.
Reading these posts its a little sad that some ex SJ are ultra loyal to the airlne and would work for free. It's awful that you have lost your jobs but you need to move on and not rely on SJ to get back in the air.
Oh and join a union!
Join Date: Jul 2001
Location: UK
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On a what if!
They get some funds
They pay the CC wages
They settle a lot of debts accrued recently
They have to put an aircraft into C Check, more outlay
Christmas comes but once a year
They get some funds
They pay the CC wages
They settle a lot of debts accrued recently
They have to put an aircraft into C Check, more outlay
Christmas comes but once a year
Join Date: Jan 2008
Location: MAN
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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.
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.
According to the Travel Trade Gazette, "Silverjet could be back in the air again by early next month." Full article here.
Paxing All Over The World
Poof in Boots
As they say in pantomime .. Oh yes they will
FR will survive because they are callous about their staff and put money before everything, so they will lay off or sack without hesitation. They will survive because their prices are frequently lower than others.
The Business Class only model has crashed and so will Low Cost, which isn't low cost any more due to the oil price alone and swingeing hikes in the UK's Air Departure Duty.
Even RyanAir won't survive whats coming.
Even RyanAir won't survive whats coming.
FR will survive because they are callous about their staff and put money before everything, so they will lay off or sack without hesitation. They will survive because their prices are frequently lower than others.