Acquisition of Flyjet Limited ("Flyjet") and Skylease Limited ("Skylease").

0 Comments | M2 Presswire, October, 2006

M2 PRESSWIRE-2 October 2006-Silverjet plc: Acquisition of Flyjet Limited ("Flyjet") and Skylease Limited ("Skylease")(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:02102006 Silverjet, the British all business class low-fare airline to operate between Londonand New York, today announces that it has acquired the whole of the issued share capital of two related businesses, Flyjet and Skylease.

The acquisition of Skylease secures for Silverjet an additional Boeing 767 aircraft which will be its launch aircraft. The aggregate consideration for the acquisition of Flyjet and Skylease will be between GBP4.0 million and GBP5.5 million in cash payable over a period of three years, dependent on the performance of the businesses and net assets at completion. The lease...

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