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Silverjet in takeover talks

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Silverjet in takeover talks

Old 11th Apr 2008, 12:54
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Silverjet in takeover talks

My apologies if this has been posted before:

http://news.bbc.co.uk/1/hi/business/7341065.stm


Struggling business class airline Silverjet has revealed it is in takeover talks with unnamed suitors, sending its shares soaring 38%.

The loss-making UK carrier, which flies from London's Luton Airport to New York and Dubai, says the talks may or may not lead to a formal takeover offer. Aviation analyst Mike Stoddart told the Reuters news agency: "Without fresh equity, Silverjet hasn't got a future."

The firm raised 21m in November to increase its working capital.
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Old 11th Apr 2008, 17:05
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Suggest you see the existing Siverjet thread in the Airlines, Airports etc. Forum.
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