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Silverjet secures funds
Silverjet has secured investment from Viceroy Fund, an international luxury development fund based in the US and UAE.
The airline said the investment means it is now “well placed, both financially and strategically, to exploit the opportunities which exist in the airline and all business class market – a market which we now dominateâ€.
Silverje also revealed its passenger and traffic statistics for April.
“We are pleased to announce another good set of passenger statistics,†said chief executive Lawrence Hunt.
“Forward bookings are particularly strong; yields have been growing steadily and averaged over £600 last week. In light of these statistics, the Board anticipates that Revenue Seats, Revenue Load Factor and yield will all show further improvement in May.
April figures were:
Available seats 15,900
Revenue seats 10,594
Load factor 67%
On time departures_ 81%
Revenue seats’ represents the number of seats generating commercial revenue and also passengers on non-refundable tickets that have not flown.
‘On time’ is defined as departure within 15 minutes of scheduled departure time.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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