Appointment of administrator

    RNS Number : 6687V
  Silverjet PLC
  30 May 2008
   

    30 May 2008
    Silverjet plc (" Silverjet")

    Appointment of administrator

    Further to the announcement earlier today that Silverjet had suspended its operations, the Board of Silverjet announces with deep regret
that it has appointed administrators. Nigel Atkinson from Begbies Traynor has been appointed lead administrator of Silverjet and its wholly
owned subsidiaries, Silverjet Aviation Limited, Skylease Limited and Sky People Limited. 

    The administrator will be undertaking a review of Silverjet's assets. The Board does not believe that there is likely to be any value
realised for shareholders.

    Advice for customers  

    Customers who have booked by credit card are advised to contact the credit card company from whom they should be able to obtain a
refund. 

    Customers who have paid by debit card or charge card should refer to the consumer protection section of the Civil Aviation Authority
website, www.caa.co.uk.

    Customers who have booked through a travel agent or shipping company should contact them for assistance.

    Other airlines are not under any obligation to honour your unused Silverjet tickets, however, as a courtesy, some airlines may agree to
get you home using their flights on a basis specified to them.

    Further information for customers is available on Silverjet's website, www.flysilverjet.com.


    Lawrence Hunt, former Chief Executive Officer of Silverjet, said:

    "It is with deep sadness that I make this announcement today. The Silverjet team has worked exceptionally hard to try and turn this
situation around, however with the time available, we were unable to secure the funding required to continue our operations. 

    "We have achieved a tremendous amount since we starting flying in January last year, both in terms of growing our passenger numbers
every month and the industry recognition and awards which we have received. I would like to thank all our customers, employees, suppliers
and shareholders for their support of Silverjet." 

    - ends - 

    For further information, please contact:

 Smithfield (Public Relations to Begbies Traynor)  020 7360 4900
 Reg Hoare
 Lucinda Kemeny
 Katie Hunt

 Arden Partners (NOMAD)                            020 7398 1638
 Chris Fielding
 Tom Fyson

This information is provided by RNS
The company news service from the London Stock Exchange
 
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