30 January, 2007

Silverjet Awarded Carbon Neutral Airline of the Year Award 2007

Silverjet, the first British exclusively business class carrier and the worlds first carbon neutral airline has been awarded Environmentally Aware Airline 2007 by the Institute of Transport Management (ITM).

The airline successfully launched on Thursday 25th January 2007 and included in the price of the ticket, typically 999 return to New York, is a mandatory carbon offset contribution, giving customers the opportunity to reinvest Carbon Points into a number of climate friendly projects around the world. The scheme is being set up in partnership with leading climate change consultants the CarbonNeutral Company and it has been developed in accordance with the CarbonNeutral Protocol, the leading standard and quality mark for action on climate change.

An example of the Verified Emission Reduction that Silverjet customers will be supporting is a solar panel programme in India, where solar panels replace kerosene burners (the carbon-heavy but cheap fuel of choice).

Silverjet has called upon all airlines to become carbon neutral and the Government to support Verified Emission Reduction projects. If the industry was to simply charge its customers 90 pence for each hour they fly on average, then they could neutralize the carbon pollution created by the aviation industry.

The ITM strongly believe that all transportation companies, especially airlines must now act responsibly and make serious strides to combat climate change by neutralizing carbon emissions.

Lawrence Hunt, CEO of Silverjet, said:

An award for any airline so soon after launch is admirable, but recognition for the hard work we have put into our carbon offset programme is remarkable, we are delighted. The ITM have highlighted for us the emphasis that we feel all airlines should be putting on the vital offset programme for carbon emissions, by including the cost of the programme into our ticket price.

Our scheme is motivational for the customer and not a penny of the money we donate goes to bureaucracy, a point that we feel very strongly about.


Our launch last week was a complete success; our customers have been whisked through our 30 minute check in and boarding, sleeping like logs in our 63 flat beds and enjoying our world class in flight Silver Service. The feedback has been beyond our expectations.

Looking forward, we will launch our second daily London Luton to New York Newark flight in July this year and are committed to a third daily service by the end of the year. We are also planning further long-haul route opportunities in 2008.

Patrick Sheedy, Media and PR Director for the ITM, said:

Silverjets carbon offsetting scheme is particularly effective as it is included within the fare, allows customers to earn carbon points which will engage them in this important global issue and is independently managed by one of the worlds leading carbon neutral companies. This is the first time any air carrier has taken a strong proactive approach to the accountability for air pollution generated by the Aviation Industry.

It is most encouraging to see an airline provide such consideration to the environment. The ethos of Silverjet is to be admired and imitated by the next generation of airline carrier. The Institute is delighted to recognize Silverjet in this way, and welcomes them to the awards table.

hlyeo98
I think you will find its the shares that were GROUNDED,not the airline.
However its only a matter of time that the airline joins the action of the shares,a sad day for its shareholders if that is to be the case.

Sadly the planes have now also ceased operating:

30 May 2008




Silverjet plc (' Silverjet')




Suspension of operations




Silverjet announced on 23 May 2008 that it had yet to receive the proceeds of the US$5.0 million drawdown request made under its loan facility with Viceroy Holdings LLC ('Viceroy'). It also announced that its working capital reserves were limited and that advances under the loan facility were required as a matter of urgency. Silverjet has not received any further sums from Viceroy.




Silverjet continues to be in discussions with investors interested in supporting the business of Silverjet, however it has yet to conclude such discussions to its satisfaction.




It is with deep regret that the Board of Silverjet has therefore decided that it must suspend operations with immediate effect. The last service of Silverjet was the flight from Dubai to London Luton, which departed at 7.30 am (BST) this morning.




A further announcement will be made shortly.




Advice for customers




Information for customers is available on Silverjet's website, www.flysilverjet.com.




Customers should seek refunds of unused segments of tickets from the point of purchase (ie credit card or travel agency).

Commiserations to those that hold a casualty of the oil price investors must switch to Oil, Gas and Uranium stocks to survive

Silverjet suspends operations - MoneyAM

Silverjet, the business class airline says it has suspended operations with immediate effect, whilst in continues in discussions with potential investors.

However, it also stated that it has yet to conclude any discussions to its satisfaction.

Silverjet said it is yet to receive the proceeds of the $5.0 million drawdown request made under its loan facility with Viceroy Holdings Plc. and has not received any further sums from Viceroy.

The airline also said its working capital reserves were limited and that advances under the loan facility were required as a matter of urgency.

Silverjets 420 employees yesterday lost their jobs after the collapse of attempts to save the troubled airline.

End of story.

Driver, you left liquidators eg Begbies off your list