Nigel Atkinson and Mark Fry, the joint administrators of Silverjet, agree on principal terms with Kingplace Ltd to acquire and relaunch Silverjet

Notes and media contacts

For further information, please contact: www.begbies-traynor.com
Begbies Traynor 0207 398 3800
Mark Fry/Nigel Atkinson

Smithfield (PR to Begbies Traynor) 020 7360 4900
Reg Hoare/Lucinda Kemeny/Katie Hunt

About Begbies Traynor:

Begbies Traynor is part of Begbies Traynor Group plc, a specialist professional services organisation providing independent professional advice and solutions to businesses, financial institutions, the accountancy professions and individuals in the areas of corporate finance, recovery, investigation, risk management, commercial finance and specialist tax advice. It is listed on AIM (Ticker: BEG.L).

About Silverjet plc:

Silverjet plc is a business class, low fare, long haul airline operator which was admitted to AIM in May 2006. Its shares were suspended on 23 May 2008 and, on 30 May 2008, it suspended all operations and was put into administration.
Silverjet is the winner of the Sunday Times Award for Best Airline 2007, two Conde Nast Traveller Awards in 2007, one for Favourite Business Class Only Airline and one for Design and Innovation and Best Airline Website 2007 awarded by Travolution.

About Kingplace:

Kingplace is registered in Ireland and managed by Heritage Cie S.A., a Geneva trust and management company. The offer by Kingplace is being made on behalf of private clients.