Yet another twist in Silverjet”s seemingly never-ending saga has seen the entire workforce made redundant today (13 June).
Despite great optimism on 10 June that a rescue package had been put together by Kingplace to acquire and relaunch the business class-only carrier, administrators Begbies Traynor today confirmed that all hopes had been dashed.
”We now understand that as a result of the unusually complex negotiations with third parties, Kingplace is no longer in a position to acquire Silverjet as a going concern,” said Begbies Traynor senior partner and joint administrator Mark Fry.
”As a consequence, we have had to make the entire workforce formally redundant in line with our legal obligations as an administrator. We continue to negotiate the sale of Silverjet”s assets for the benefit of the company”s creditors and will provide an update as soon as we are able.”
The news comes as a cruel blow to Silverjet”s 300 plus employees whose emotions have veered from despair to hope and back again, as a succession of suitors has dangled various rescue packages only to see the carpet whipped away again.
Silverjet CEO Lawrence Hunt had previously said he was talking to a Swiss company but it is unclear whether or not this deal can now be revisited.