United Kingdom
United States
Asia Pacific
Silverjet in takeover talks
Silverjet is in discussions about a possible takeover.
The low fares business-class airline made the disclosure in response to a rise in its share price in London.
A statement said: “The company is currently in discussions which may or may not lead to an offer for the issued share capital of the company.
“A further announcement will be made when appropriate.”
The AIM-listed airline, which operates Boeing 767s with 100 seats from Luton to New York and Dubai, failed to achieve a operating profit in March as it had previously expected despite a 23% rise in passenger numbers over the previous month.
Chief executive Lawrence Hunt said when reporting March figures that the airline did not generate and operating profit and was not cash generative. But it did record the largest gross profit and smallest operating loss since starting to operate more than one aircraft despite a further “material increase” in fuel costs.
Silverjet started flying transatlantic in January 2007 and added the Luton-Dubai route last autumn.
The all-business class airline sector has seen the demise of Silverjet rival MAXjet before Christmas.
by Phil Davies
Phil Davies
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision