Silverjet airline goes into administration

LONDON, May 30 (Reuters) - Britain's Silverjet SILJ.L airline said on Friday it appointed administrators after failing to secure funding to continue operations.

The London-New York business-class airline grounded its fleet earlier in the day. Sky-rocketing fuel prices and a worsening economy on both sides of the Atlantic have already sent former rivals Eos and MAXJet out of business.

Administrators from Begbies Traynor will undertake a review of Silverjet’s assets but the company said it did not believe there was likely to be any value realised for shareholders. (Reporting by Ben Hirschler)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.