ArabJet may buy SilverJet

17 June 2008

ArabJet, a proposed premium class airline based in Dubai, is talking to the administrators of SilverJet about a possible sale, reported Reuters. Luton-based SilverJet, which operated three planes between London, Dubai and New York, collapsed into administration last month due to weak demand and record fuel prices. Talks to buy SilverJet by Kingplace, an Irish-registered company managed by Swiss trust and management company Heritage, collapsed on Friday, when the company made its 420 employees redundant.

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