Today Lawrence Hunt finally threw in the towel on Silverjet and sent out a farewell letter to prospective and actual Silverjet users.
So the excuse for the demise was the high bonding requirement set by the CAA. However this requirement is standard and given the first failure and cessation of services it was a wise move by the regulator.
The only value left is in the AOC and perhaps the name. The former now comes with a high bond requirement and the latter probably is not worth anything.
The staff were a fine group and clearly provided an above average service. Finding jobs in this current climate with a huge number of axed and soon to be axed Airline staff, their job prospects will be low. Although the Middle East Carriers are anxiously looking for qualified customer facing staff.
Best of luck to them
Cheers
Timothy
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