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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Silverjet | LSE:SIL | London | Ordinary Share | GB00B1443S31 | ORD 1P |
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| 0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
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| - | O | 0 | 13.50 | GBX |
Silverjet (SIL) Share Charts1 Year Silverjet Chart |
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1 Month Silverjet Chart |
Intraday Silverjet Chart |
| Date | Time | Title | Posts |
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| 28/9/2016 | 18:59 | Silvercrest metals | 1 |
| 06/7/2008 | 23:45 | Is George Soros About to Close His Derivative Short Positions on SIL? | 2 |
| 14/6/2008 | 17:51 | Silverjet - Business Class Travel | 734 |
| 01/6/2008 | 00:48 | Silverjet with Charts & News | 8 |
| 25/4/2002 | 23:46 | SILLY BOYS THREAD | 5 |
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Posted at 28/9/2016 18:25 by maximoney1 Company website : Stock info : Presentation : Factsheet : News : |
Posted at 30/5/2008 10:04 by drewz JC, not very amusing at all for the 300+ staff who will lose their jobs, or the ticket-holders and shareholders who will lose money.From Times Online May 30, 2008 Silverjet ceases flying as cash runs out Company failed to raise cash in time from unnamed investor Robert Lindsay Silverjet, the business class-only airline, this morning admitted it no longer had the cash to continue flying and suspended operations. "It is with deep regret that the board of Silverjet has therefore decided that it must suspend operations with immediate effect," it said. The last flight took off at 7.30 this morning from Luton on its way to Dubai. Last night Silverjet said that its would-be Abu Dhabi investor Viceroy had still failed to provide it with the $5 million cash loan it had promised under a rescue deal and that it was left talking to just one potential rescue investor. Related Links Silverjet flying on empty as finances hit red Silverjet airline fights to stay in the air This morning it added: "Silverjet continues to be in discussions with investors interested in supporting the business, however, it has yet to conclude such discussions to its satisfaction." The advance was required as a matter of urgency since its working capital reserves were limited. It is understood it did not have enough cash to pay for the fuel for any more flights. A spokeswoman said she believed founding chief executive Lawrence Hunt was still talking to the investor, but agreed that the future looked bleak now the airline has no income coming in. It employs some 330 people in Luton. Silverjet said customers who have booked flights via credit card should be able to receive money back from their credit card company or from their travel agent. But others are unlikely to get their money back. A week ago Silverjet's shares were suspended when the airline revealed that Viceroy was not handing over the cash which it needed urgently to keep flying. At the time the airline confirmed that it remained in talks with one party which was interested in investing in the company. The Luton-based carrier, which offers business-class flights to New York and Dubai for about one third of the price of a British Airways ticket, said last year that it was losing about £1 million a month. This figure is rumoured to have doubled in recent months. Silverjet's share price has fallen from 120p at flotation to 13½p before its stock was suspended. |
Posted at 23/5/2008 20:33 by cyberpost Analyst brings Silverjet down to earthJanuary 14, 2008 3:40 PM Silverjet, the business class airline that flys from Luton, has come down to earth with a bump. Its shares have slumped 28% to 35.5p after a savage sell note from broker Daniel Stewart. Analyst Mike Stoddart began coverage of the company today - the directors may wish he hadn't bothered - by saying: "Our target price is nil. We would sell at any price." There's more - 32 pages in all. Stoddart goes on: "Its low fares have failed to generate the load factors needed to make any money. While it posted an 80% load factor for August 2007, this was achieved, at least partly, by taking bookings for two flights per day and, as a consequence of unforeseen maintenance work, operating only one. "Now that frequency has been doubled on the Newark route and the Dubai route has been launched, load factors have collapsed to just over 50% and we have yet to see how things will look for the seasonally quiet months of January and February. As with other UK airlines, it recently launched a January sale in order to boost demand. "At the current blend of oil price and exchange rate, we estimate that jet fuel will be costing Silverjet about 23% more per rotation (or round trip) than the average it experienced in half year to September 2007. "Overall, Silverjet's current performance - average return fares of about £1,180 and load factors of 52.8% - is so far adrift of what is required that, in our view, the business is doomed to fail unless something changes - significantly and rapidly. With these figures, each return flight will be earning revenue of about £62,300 and, with all-in costs of perhaps twice that amount, generating sizeable losses. "As a consequence of all this, we expect Silverjet to produce a bigger loss in the second half than the first and more, substantial losses next year. It is difficult to be precise about the effect on cashflow because of the potential size of some of the working capital swings. "The next test for Silverjet is whether, having done their due diligence, the Reuben brothers decide to convert their £10m loan to equity at 60p per share. Their last conversion date is 11th February 2008. Whether they do or don't, we consider that the company will need another equity issue in the next year or so simply to offset its losses and stay in business." A buy note from Silverjet's broker Arden has done little to limit the damage. But for the sake of balance, Arden reckons: "[The seat sale] is helping boost passenger numbers in the seasonally quiet month of January but also providing a good base level of bookings for future months - around 70% of bookings last week were for February onwards. Whilst yields under the sale are below our forecasts for Silverjet, yields will be managed upwards as the planes fill following the typical low-cost model. "The recent investment by the Reuben brothers is a significant and positive development which has yet to be reflected in the share price." |
Posted at 23/5/2008 20:30 by cyberpost looks like Daniel Stewart foretold it right !!Silverjet slams dead man walking slur Written by Sam Fountain Wednesday, 16 January 2008 The second hit has been landed in a 'one-two' delivered recently to the region's business-only airline industry, this time from a brokerage report deeming Luton's luxury carrier Silverjet 'worthless.' Hot on the heels of MAXjet's Chapter 11, filed just before Christmas, Silverjet has taken the next blow after the company's business model was attacked in a brokerage report. Silverjet has strongly denied any truth to the report, released by brokerage Daniel Stewart which gives the airline a sell rating and a target price of 0p on the grounds that the company will suffer the same fate as MAXjet before the end of the year. Shares in the company have regained some of their value lost since the 32-page report was released on Monday, partly aided by a contradictory report from analysts at Blue Oar Securities, which "rates the shares a buy with a target price of 130p," said a spokesperson at Silverjet. The Daniel Stewart report, 'which contains numerous material mistakes and inaccuracies,' Silverjet said, questioned the luxury carrier's business model, saying that the increasing challenge in the market offered by the entrance of major carriers such as BA and Virgin and increasing fuel prices would cause the company to follow MAXjet's example and fold before the year's end. Silverjet hit back, with news that it had seen record bookings from the US this week, and that the company, far from dying, was on track to showing its first profit before the end of March. Chief executive Lawrence Hunt was quoted as saying that the current weakened state of the US economy might be a driving force behind ticket sales, with companies looking for new ways to cuts costs. Hunt also believes that Silverjet's superior service and the fact that the company raised prices when fuel costs rose will allow it to succeed where MAXjet failed. In response to the Daniel Stewart report, Silverjet said the analysis was flawed and identified three major points of contention:- The current average cost per rotation is £75,000 rather than the £135,000 quoted by the Daniel Stewart research note Liability for maintenance of £9.7m is payable over the ten year term of the lease and not the majority in the current financial year as stated by the Daniel Stewart research note The statement that Silverjet expects to be cash generative following the current financial year is based on operating five aircraft and not three as stated by the Daniel Stewart research note. The brokerage firm defended its stance despite Silverjet's response to the report, saying that it was not surprised at the company's reaction since the report 'questioned the entire basis of their business model.' Silverjet stands by its model, saying that the airline is in a strong financial position having just raised £22m and securing two new aircraft to be delivered by March. A new Dubai route is also surpassing management expectations, according to the company, and "Silverjet remains very confident that it will continue to deliver on its strategy and revolutionise the way passengers fly longhaul business profitably." |
Posted at 04/5/2008 17:39 by bammbamm From ft.com www.ft.com/cms/s/0/eI believe April stats due out on Tuesday as well. Could be a good rise in load factor? Silverjet secures Mideast rescue By Kevin Done, Aerospace Correspondent Published: May 3 2008 03:00 | Last updated: May 3 2008 03:00 Silverjet, the UK all-business class airline, said last night it had reached a binding agreement with a Middle East investor for an emergency injection of about $25m in debt and equity. The airline has been battling for survival, as two of its closest rivals Maxjet Airways and Eos Airlines of the US have collapsed into bankruptcy. Silverjet has agreed a rescue deal with Viceroy Holdings, which the airline said was registered in the island of Nevis and was affiliated with Viceroy Fund, an international luxury brand development fund based in the US and in the United Arab Emirates. Lawrence Hunt, Silverjet founder and chief executive, said Viceroy was a long-term strategic investor, which was committed to the development and expansion of Silverjet and had proposed to inject further capital into the group. As part of a loan agreement, Silverjet Aviation, a wholly owned subsidiary of Silverjet, can borrow up to £8.4m for three years at an interest rate of Libor - the interbank lending rate - plus 2 per cent. In addition Silverjet will issue 25m new shares to Viceroy at 17p a share to raise gross proceeds of £4.3m. Viceroy will become the biggest single investor in Silverjet with a stake of 28 per cent and will have two seats on the board. The share issue must be approved by shareholders, the UK Civil Aviation Authority and TFB, a company owned by the Reuben brothers, UK property developers, which provided a £10m loan to Silverjet late last year. Silverjet revealed earlier this week how precarious its financial position had become and said following "recent material increases" in fuel prices and tightening of credit conditions in the airline industry, its working capital had "deteriorated" and its residual reserves were "limited." Without the Viceroy deal it would have had to "source alternative means of funding as a matter of urgency." Silverjet said that under a memorandum of understanding agreed with Viceroy earlier this week, the fund had agreed to invest up to a further $75m (£38m) in the development of the airline. The Silverjet brand and concept would be launched into new markets in the Middle East, the Far East and Africa, using the Middle East as a regional hub. Silverjet shares have plunged in recent months amid the group's continuing losses and the sharp deterioration in the fortunes of the airline sector. The airline was floated on London's alternative investment market in May 2006 at 112p. Its share price climbed to a peak of 209p in March last year six weeks after flying operations began, but it has since collapsed and has traded as low as 12½p in recent weeks. The airline said it had achieved an average fare in April of £550 per flight on both its routes from London Luton to New York Newark and Dubai. |
Posted at 24/4/2008 12:49 by papalpower Daniel Stewart Update today :Silverjet plc - SELL Price: 14.5p Target price: 0p Code: SIL.L Analyst: Mike Stoddart | 0161 830 1892 We have reworked our model on Silverjet on the basis that it continues to run a three aircraft fleet for the year to March 2009. This is in the absence of any news from the company regarding the 4th and 5th aircraft (codes G-BYAA and G-BYAB). These were originally to have been delivered to the company in March but this now looks unlikely to happen. There was an anonymous posting on www.pprune.co.uk yesterday saying that the aircraft would return to service with Thomsonfly, their current owners. If it sticks with its current fleet, Silverjet will avoid the dilutive effect of the new aircraft (presuming that one would have been used to doubled up the frequency to Dubai and the other would have been used on a new route to Los Angeles). It will also avoid fit out and refurbishment costs although these would have been rolled up into the monthly lease cost. Offsetting these factors, we assume that Silverjet will lose the £963,000 deposit it paid to Thomsonfly. We have also raised our assumed yields - to better reflect the company's current standard fares - (although the company has been giving no guidance on yields) and our projected fuel price, for obvious reasons. 2009 Forecast Revenue £80.4m (previously £126m), a pre-tax loss of £29.9m (previously £39m), EPS of minus 46.4p (previously 60.5p). The "upgrade" to a smaller loss projection is the net effect of fewer aircraft, higher assumed yields and higher oil prices. Our projected net debt figure for 31 March 2009 is now £33m (previously £57m) with the difference reflecting the absence of the 4th and 5th aircraft (which would have cost £21.7m and been accounted for as being under finance leases) and the changes to our forecast. Silverjet does not have facilities to sustain a £33m net debt figure: it has a £10m loan from the Reuben Brothers and £17.4m of finance leases on aircraft #2 and #3. This is why we consider that it needs additional equity, its cash balances are running out. Break-even? The continually rising fuel price is raising the point at which Silverjet can break even. The sterling price is up 74% in the last year and is up 34% since Silverjet announced its capital raising in November. Compared with the company's guidance in January that its operating costs per rotation were £74,000, the increase in the fuel price since then will have added about £11,500 per rotation to Silverjet's costs. In other words it's break-even load factor, whatever it was, has gone up by almost 10 passengers at our current assumed yields of £1,200 per round trip |
Posted at 13/3/2008 13:00 by granville2 Silverjet Says Corporate Clients Boost Ticket Prices (Update4) By Tracy Alloway March 12 (Bloomberg) -- Silverjet Plc, the U.K. business- class airline that's been flying for more than a year, said average ticket prices are increasing as it captures more corporate accounts in the midst of a slowing economy. Average ticket prices for a round-trip are about 1,100 pounds ($2,210) on forward bookings, Chief Executive Officer Lawrence Hunt said. When Silverjet began flying in January 2007, with service from London's Luton airport to New York Newark, return tickets cost about 850 pounds. Average fares reached a high of 1,200 pounds in October and November. ``We're seeing a huge increase in corporate inquiries,'' Hunt said today in an interview. ``We can save corporate clients about 2,000 pounds a ticket. So we're seeing a lot of business from big banks, professional services companies, pharmaceuticals and entertainment.'' Silverjet added service to Dubai in November as it seeks to attract business passengers at fares lower than those of network airlines such as British Airways Plc. Still, the carrier's shares have fallen 63 percent this year as some analysts doubt the Luton, England-based company's ability to profitably fill seats because of competition from traditional airlines, higher oil prices and slowing demand. The average cost of a round-trip fare on Silverjet should advance to about 1,200 pounds in the coming months, the CEO said. The airline has been booking about two ``major'' corporate clients a week since January, he added. Shares Advance Silverjet rose 0.25 pence, or 1.4 percent, to 18 pence today in London, giving the company a market value of 11.6 million pounds. The shares have fallen more than 80 percent since an initial public offering in May. Another single-class carrier, MAXjet Airways Inc., filed for bankruptcy protection in December, citing competition, the increased cost of fuel, slowing consumer demand and an inability to raise more money during a global tightening of credit. Slower economic growth may encourage corporate travelers to switch to cheaper airlines, according to analysts including Chris Avery of JPMorgan in London. Business travel is being cut back after the U.S. economy expanded less than forecast in the fourth quarter and banks and securities firms including Citigroup Inc. slashed more than 28,000 jobs as the subprime mortgage market collapsed. MAXjet, British Airways Dulles, Virginia-based MAXjet ceased operations on Christmas Eve, leaving just Silverjet, closely held Eos and L'Avion flying single-class flights between Europe and the U.S. British Airways said in February it would start all-business-class services between London City airport and New York, at prices similar to business-class tickets on its regular flights. Silverjet's three Boeing Co. 767 planes flew half empty in January, prompting analyst Mike Stoddart of Daniel Stewart & Co. to speculate that the airline, whose service includes private lounges and an onboard women-only toilet, was likely to go bankrupt as it failed to sell enough seats to cover costs. The carrier raised about 72 million pounds through the initial share sale, additional stock offerings and loans. Silverjet is aiming to achieve an operating profit and generate cash for the first time this month. Hunt has been involved in start-up businesses since 1984. He was sales and marketing chief for technology consultant BMS, which was sold to Cap Gemini SA in 1992, and founder of Rapid Travel Solutions Ltd., sold to Telewest Communications Plc in 2003. He declined to name Silverjet's corporate clients. |
Posted at 15/2/2008 17:29 by stluke Another article today from the times trying to view Silverjet with a little more optimism.Give Silverjet a break "The share price of the all-business airline which operates from Luton to New York and Dubai has plummeted this week but I think the market has it all wrongMark Frary It has been a testing few days for all-business class airline Silverjet, which flies from Luton airport to both New York Newark and Dubai. First news emerged that the billionaire Reuben Brothers had decided not to convert a £10 million loan they had given the airline in November into shares. If that were not enough, one of its keenest rivals - premium carrier Eos then announced it was planning to launch services to Dubai too. Silverjet's shares which are listed on the secondary AIM exchange plunged as a result and now stand at just 15.5p, far below the 112p at which it listed back in May 2006. Since then, the media has been full of doom and gloom about Silverjet's future. But hold on a minute, let's get some perspective here. First, let's take a look at the Reuben Brothers' decision not to take shares in the airline. The two options open to them on 11 February were exchanging their £10m for 18.3 million shares, then priced at 24p, or carrying on with the loan until December 2009, when it is repayable at an attractive rate of LIBOR plus 2%. Converting to shares would have instantly valued their investment at £4.4m. Yes, there's the potential future upside but it's not something most share dealers would agree to do easily. I think the most significant thing to come out of it is that the brothers have not asked for repayment of their loan. If they were truly worried about its future, they would have foreclosed. Indeed, at the time of the decision, the brothers said: "We continue to believe the company has a sound business model and excellent prospects for the future to become a major player in the global aviation business." Secondly, let's take a look at the competition from Eos. I personally think that the passengers that the two airlines attract are very different. Eos is essentially a traditional first class product which is called business class only to make companies feel comfortable about sending their business travellers on it. Silverjet, on the other hand, is a business class product through and through but at far lower fares than the traditional carriers. Most business travellers I have spoken to about Silverjet cannot rate it highly enough. There's the odd grumble about having to go to Luton but the service, both on the ground and on the plane, are impeccable. Some people may be concerned about the airline's viability. Despite the share price, the airline must have plenty of cash, amassed from the loan, a £12m share issue and a successful January sale. I suspect a certain amount of mischief-making in the current wave of rumours about the airline but I personally think there's little to worry about at the moment. I could be proven wrong and I hope I am not because Silverjet brings much needed choice to the business travel sector but I believe that the airline has a rosy future." I have had a few of these today as i feel it is now at a price where failure is pretty much priced in, ok it could all go belly up and i may lose the lot but if they manage to get through the next few months and out the other side this could be a massive multi bagger at these prices when you consider the current market cap of under £7m. As the article says they should have a fairly large cash pot as they could not have burnt that much cash over the last few months, and they look like they will be receving a further £3m approx from ATOL refund. |
Posted at 13/2/2008 08:47 by stluke Well a slightly calmer start to the day for a change and perhaps some more thought about commentary from the papers like the piece below from the independent."Investors who chose to sink their money into Silverjet the all-business class airline based at Luton Airport were no doubt reassured about the high-risk project by the track record of its chief executive, Lawrence Hunt. Before his latest venture, Mr Hunt had run and successfully exited four companies in the rough-and-tumble technology industry where the ups and downs are more extreme than almost any other sector except, perhaps, the aviation industry. It is a business that requires nerves of steel. Indeed, while the AIM-listed company's shares plumbed new lows yesterday dropping 22 per cent to 17p to value the group at just £11m Mr Hunt was on holiday. Whether shareholders will interpret his break, at a time when the outlook for the carrier has ostensibly never been worse, as a sign of cool-headed confidence is unclear. By any measure, it has been a brutal few months for Silverjet. The fall in its share price reflects a growing sense of foreboding about the viability of the all-business class airline model. Silverjet's descent was accelerated this week by two pieces of bad news. Firstly, the billionaire Reuben brothers, David and Simon, declined on Monday to convert a £10m loan they had given the company into a 22 per cent stake. Despite claiming that they "continue to believe the company has a sound business model and excellent prospects to become a major player in the global aviation business", their decision fewer than three months after their initial loan sent a worrying signal about their confidence in the business. Secondly, Silverjet's more expensive, higher-end rival Eos announced plans to launch a London to Dubai service that will compete directly with Silverjet's recently-launched flights to the emirate, as well as an additional route to New York via Newark Airport. The companies already go head-to-head on the London to New York route the only other service that is operated by Silverjet, which targets luxury holiday and business travellers. Analysts are worried that an economic slowdown on either side of the Atlantic will kill the "urge to splurge" that is crucial to Silverjet. At about £1,000 for a business-class return to New York, the company's fares are a fraction of BA's, which can charge up to five times as much. Throughout Silverjet's downward share spiral it has lost more than 85 per cent of its value since it was floated in May 2006 Mr Hunt has stuck to his pledge that it will reach operational profitability by next month. Yesterday, he dismissed the shares sell-off as an over-reaction. "It's ridiculous. We have built a business that is a month or two from profitability, which is three months ahead of the original plan at the IPO," he said. "When you are developing a challenger business and it is listed on the market, it attracts a lot of attention, not all of it good." He said he expected Silverjet's load factor the number of seats filled to be "above 60 per cent" this month and that they should reach 70 per cent in March. The airline needs an average of 65 per cent of seats filled to break even. Even so, analysts remain sceptical about the prospects of the business-class only model. "As consumer propositions go, they are superb value for money," said Andrew Lobbenberg, an aviation analyst at ABN Amro. "But whether they can establish the yields and load factors they need in an increasingly challenging airline market is unclear. I don't think they are hopeless cases." Start-up carriers had the advantage of much lower overheads but were hindered by the lower frequency of flights and the lack of large corporate contracts that larger airlines counted on, Mr Lobbenberg added. With MAXjet having gone out of business on 26 December, Silverjet's only rival is Eos, which targets business travellers who can afford £3,500 for a round-trip fare. Eos's challenge is to wrest large corporate accounts from the legacy carriers, a task arguably more daunting than that which lies ahead for Silverjet. Eos, which began flying more two years ago and remains far from profitability, has not been subjected to such negative publicity as Silverjet, mainly because it is not listed and thus does not have to provide regular updates to the City. However, it has burned through much of the $260m it raised from its backers a group of private equity investors led by Golden Gate Capital. Both airlines could face stiff competition from BA, which this month unveiled plans to launch a business-only service next year, but Mr Hunt claimed it would not be able to match Silverjet's prices because it would cannabilise its Heathrow premium passengers." |
Posted at 23/1/2008 08:10 by dexter01 RNS Number:3189MSilverjet PLC 23 January 2008 23 January 2008 Silverjet plc ("Silverjet") Appointment of Non-Executive Director Silverjet plc ("Silverjet"), the British airline offering a private jet experience at a fraction of the price, today announces the appointment of Mr Amir Eilon as a Non-Executive Director. Amir, 59, was previously a Non-Executive Director at easyJet from 1998 to 2006, a period of major growth for the low cost airline during which he undertook a key role in the airlines acquisition of Go and the securing of an option to acquire Deutsche BA. He is also currently a Non-Executive Director of MK Airlines, a cargo airline. Amir's other directorships and former directorships in the past five years are set out below. Amir also joins Silverjet with a wealth of experience in Investment Banking. His finance experience includes CSFB Private Equity, from 1998 to 1999, where he was jointly responsible for a US$600 m private equity fund, BZW from 1990 to 1998, where he was Head of Global Capital Markets and Morgan Stanley from 1985 to 1990, where he was responsible for International Equity Markets. Disclosures required in respect of Amir under paragraph (g) of Schedule 2 to the AIM Rules are set out below. Lawrence Hunt, Chief Executive of Silverjet, said: "We are delighted to welcome Amir to the Board of Silverjet. He has a wealth of experience in the aviation and in particular low cost airline sector, and his experience of low cost airlines will be very valuable to us. In addition, Amir's investment banking and strong finance background will be a great asset to the business. We look forward to the contribution that Amir will make at Silverjet." - ends - For further information, please contact: Silverjet 020 7357 9477 Lawrence Hunt, Chief Executive Hogarth Partnership Limited 020 7357 9477 Fiona Noblet Anthony Arthur Arden Partners 020 7398 1638 Chris Fielding Tom Fyson Notes to Editors * Silverjet is the only British airline offering a private jet experience at a fraction of the price, offering 6 foot 3 inch long inclined flat beds, high quality catering, personalised entertainment and reduced check-in times (30 minutes with only carry-on baggage) from a private terminal with dedicated security facilities between London and New York. * Flat bed at one third of the market price - £1,099 standard return fare compared with over £3,000 from competitors. * Two transatlantic services a day from London Luton Airport departing at 10.00 and 16.45 and arriving at New York Newark Airport at 13.00 and 19.45 returning from New York Newark Airport at 19.30 and 21.45 and arriving at London Luton Airport at 07.20 and 09.45 respectively (local times) * Silverjet's daily return service to Dubai from London Luton Airport departs at 21.00 arriving in Dubai at 8.30 and leaves Dubai at 10.30 returning to London Luton Airport at 14.45 * The Silver Lounge is a private jet facility at London Luton Airport, opposite the main terminal building, with dedicated security enabling customers with only carry-on baggage to arrive 30 minutes before departure (45 minutes for customers with baggage to check in). At New York Newark Airport, the unique Silver Lounge offering exclusive check in and lounge facilities is separate from the main terminal areas. * The Silverjet pre-flight experience includes: - Seat selection - the ability to choose your seat online - Specials - pre-ordered and special menu available on the flysilverjet.com website - All ground transportation needs, including chauffeur driven luxury cars, valet parking, or complimentary station pick up - The Silver Lounge - at both London Luton Airport and New York Newark Airport where customers check in and use on arrival - Online Check In - the ability for customers to check in by web 24hrs ahead of their flight * The Silverjet in-flight experience includes: - Only 100 award-winning flat beds on an aircraft that normally carries 250 seats - Quiet Zone - on night flights the plane is a designated Quite Zone to maximise sleep time. No serving trolleys, no frustrating and unnecessary announcements during the flight, removal of all overhead reading lights and call bells, all food and beverages individually served, a late breakfast to eat on board or take away - Ladies only loo - Silver Diner - a wide range of freshly prepared individually served gourmet meals - Silver Screen - a state of the art, digital, personal in-flight entertainment system showing latest films, Silver classics and comedy favourites and using noise reduction headsets - Seat power for using laptops throughout the flight - Spacious stowage for carry on baggage and hanging wardrobes * Silverjet's standard London New York return fare is £1,099. * Silverjet's standard London Dubai return fare is £1,099. * Silverjet intends to develop further low fare, all business class services operating on additional long haul routes once existing routes have become established and profitable. * Silverjet is the winner of the first Conde Nast Traveller Design and Innovation Award for Aviation 2007, Environmentally Aware Airline 2007 awarded by the Institute of Transport Management (ITM) and Best Airline Website 2007 awarded by Travolution. Disclosures in respect of Amir Eilon under paragraph (g) of Schedule 2 to the AIM Rules 1. Other current directorships EILON & ASSOCIATES LIMITED TIDAL ELECTRIC SWANSEA BAY LIMITED SPRING GROUP PLC JACKSON AVIATION LIMITED 2. Past directorships in the last five years NORTH SQUARE PROPERTIES (WIGAN) LIMITED 2244 ROTUNDA LIMITED EASYCAR (UK) LIMITED EASYINTERNETCAFE LIMITED EASYCINEMA LIMITED EASYINTERNETCAFE (HOLDINGS) LIMITED EASYBANK LIMITED EASYDOTCOM (UK) LIMITED EASYDOTCOM LIMITED EASY GROUP (UK) LIMITED EASYGROUP IP LICENSING LIMITED XYZMONEY (HOLDINGS) LIMITED XYZMONEY (UK) LIMITED XYZ MONEY CREDITCARD LIMITED EASYINTERNETCAFE (FRANCHISING) LIMITED XYZ VALUE (HOLDINGS) LIMITED XYZ VALUE LIMITED XYZ VALUE IFA LIMITED EASYCAR LIMITED FLAMINGO HOLDINGS LIMITED |
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