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Silverjet boss admits funding defeat
Silverjet boss Lawrence Hunt has conceded defeat in trying to attract new funding for the grounded carrier.
Administrators of the business class only airline admitted on Friday that efforts to secure new investment had failed and all staff had to be made redundant.
The Luton-based airline had ceased operations the previous week after promised additional funding failed to materialise.
Hunt said today: “It is with great sadness that we have decided to draw a line under our efforts to raise additional funding for Silverjet.
“As you know, we have been battling for months to gain the additional investment we need to reach critical mass.
“In the end, the investment climate has become too cautious and the economic conditions very difficult for us gain the scale we needed.â€
He added: “My focus now is to ensure that Silverjet is wound up as smoothly as possible and to ensure our amazing team of people find new jobs as quickly as possible.â€
by Phil Davies
Phil Davies
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