Silverjet announced that it has reached "principal terms" with Kingplace, an Irish-registered investment group managed by Geneva-based Heritage, to acquire and re-launch the all-business-class carrier. Silverjet shut down two weeks ago when it failed to secure promised funds from a UAE-based investor (ATWOnline, June 2). The London Luton-based airline's administrators said the transaction is expected to be completed by Friday. "If these negotiations are successful, we expect to take on all ...

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