Investors disembark from Silverjet.
Investors Chronicle - magazine and web content, August, 2007
Shares in the business class airline lose altitude as it announces plans to end charter operations. Stephen Gunnion
Shares in Silverjet plunged as much as 23.5 per cent after the long haul business class airline said it would cease charter operations at its Flyjet subsidiary when leases on its two Boeing 757 aircraft expire at the end of October. Due to the challenges facing the charter industry - including consolidation of large tour operators, excess capacity on low cost carriers and the decline of the traditional package holiday market - Silverjet says returns from this market are just too low.
This is just the latest news from the airline to disappoint investors. Last month, Silverjet's shares fell 14 per cent after it said that its second daily...
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