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Latest Silverjet Stories

2008-09-15 06:00:28

By Robin Pomeroy The Italian government scrambled Sunday to save Alitalia from collapse, with the airline warning that it might be required to cancel flights Monday because it could not secure fuel supplies. Emerging briefly from emergency talks with labor unions, Labor Minister Maurizio Sacconi answered "yes" when asked if he was optimistic about the possibility of reaching a last-minute rescue deal. Unions had rejected an Italian consortium's offer to buy profitable parts of the...

2008-09-14 00:00:20

By Simon Evans; Mark Leftly After tour operator goes into administration leaving 90,000 stranded, details emerge of attempts to secure a deal with two failing airlines Banks scuppered a proposed three-way airlines tie-up that could have salvaged the collapsed XL Leisure last month, while speculation is mounting that the failed group might already have a new owner. It is understood that management proposed the merger with two other failing firms which would have created a new entity,...

2008-09-12 12:00:24

By LIAM CREEDON THE collapse of XL is the latest blow to the UK air travel industry which has endured a torrid summer with a number of companies closing down. Business analysts today warned that the worst may not be over for the industry with more carriers and tour operators expected to go under as the cost of aviation fuel soars. Budget airline Zoom collapsed last month, leaving thousands of transatlantic passengers stranded after flights to and from Canada and the US were grounded as...

2008-09-03 18:00:00

By Martin Evans THERE is a rather depressing theme developing for this column. In February of this year I wrote that UK airlines would have a difficult year with consumer spending slowing and costs dominated by record fuel prices. In June I wrote of the demise of Silverjet, a premium class transatlantic carrier. I concluded by saying that "we expect some more carriers to fail". Now we have lost Zoom, another transatlantic operator. The two airlines, and earlier failures MAX jet and...

2008-08-30 09:00:46

By Michael Savage Hundreds of passengers stranded in airports from Gatwick to San Diego were trying to find a way home yesterday after the collapse of the transatlantic budget airline Zoom. As many as 40,000 more - over a quarter of whom are based in the UK - were counting the cost of worthless tickets, after high oil costs and pressure from creditors forced the firm into administration. Some booked on the cancelled flights faced an agonising decision over whether to forgo their summer...

2008-08-22 03:00:30

By Platt, Gordon GLOBAL The world's biggest airline in terms of traffic will be created if the proposed merger of Delta Air Lines and Northwest Airlines can get past squabbling pilots. Whether the marriage of equals will succeed, however, is open to debate at a time when the entire airline industry is being buffeted by soaring fuel costs and slowing global economic growth. The turbulence is especially strong in the United States, where the slumping economy and the credit crunch are making...

2008-08-19 00:00:23

By Sarah Arnott When British Airways' planned flights to New York from London City airport stop in Ireland to refuel, passengers will be allowed to go through US immigration checks in advance, the company said yesterday. The carrier first mooted the scheme for a business class-only service from central London to the Big Apple earlier this year. But it is impossible to fly the route non-stop from City airport because the runways are not long enough for take-off with enough fuel to complete...

2008-08-08 06:00:42

By Caroline Brothers From Aloha in Hawaii to Alpi Eagles in Italy, from promising upstarts like Silverjet to legends like Aeropostal of Venezuela, more than two dozen airlines have fallen off the international radar screen this year. Some filed for bankruptcy protection. Others have sharply reduced operations or limp along as charters. While each struggled with its own set of circumstances, the toll of 25 airlines - three to four times the number that the International Air Transport...

2008-07-15 12:00:41

By MARTIN WILLIAMS THE list of failed airlines may be growing by the month, but it has not stopped some carriers announcing multimillion-pound orders for new planes. FlyDubai announced yesterday it is to take 50 Boeing 737-800s in a GBP2bn deal and also operate four more 737s in a separate leasing agreement. Announced at Farnborough Air Show, the deal is the biggest single order by a Gulfbased low-cost carrier for the Boeing aircraft. Etihad Airways, the national carrier of the...


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