Manufacturing Industry
Letter of intent for USD37m of aircraft financing signed by Silverjet
Airline Industry Information, Sept 21, 2006
AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD
Silverjet plc, a start-up carrier that plans to offer a low fare, all business class service, has announced that it has entered into a letter of intent for USD37m of financing with Novus Aviation Limited, an aircraft management services company.
The financing will be used by the company to sell and lease back two Boeing 767-200 aircraft acquired from Thomsonfly Limited, and to fund the refurbishment and fit out of the aircraft.
According to the company, the arrangements extend for a period of ten years and include, within the fit out, the purchase and installation of new Sicma flat beds.
Silverjet announced previously that it had entered into a letter of intent to secure the two Boeing 767-200 aircraft from Thomsonfly for delivery by no later than 31 March and 31 October 2007.
The company's directors also revealed that Silverjet will enter into the respective agreements with Thomsonfly and Novus by no later than the end of 2006.
In addition negotiations to secure a third Boeing 767-200 are said to be at an advanced stage.
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