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Suitor for Silverjet emerges

Written by Lautaro Vargas

Thursday, 10 April 2008

Shares in transatlantic business class airline, Silverjet, were flying on the back of an announcement that it was in discussions with an unnamed party that may or may not lead to an offer for the company. In recent months, the exclusive business travel Luton-based airline, has experienced a number of set backs with major investor HBOS pulling out, the Reuben brothers announcing they would not be converting a £10m loan into a 20 per cent stake in the airline and full year results that failed to break even due to rising fuel costs - despite a growth in passenger figures. Its midday price of 21.38p a share, up 40 per cent or 6.13p a share, is a long way below its all time high of 206.5p achieved a little over a year ago. Silverjet said a further announcement would be made when appropriate. Set as favorite Bookmark Email This Hits: 535 Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Write comment This content has been locked. You can no longer post any comment.

 

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