Ireland-based Kingplace is planning to buy and bring back to life Silverjet, which ceased operations recently amid funding issues. "I am personally delighted that we now have the necessary backing from a long-term investor to relaunch Silverjet," Silverjet CEO Lawrence Hunt said. "We have received fantastic support from our staff, customers and partners in helping us put this deal together. We will be working around the clock to launch our New York and Dubai services as quickly as possible and we will make an announcement about the date for relaunching our services in due course."

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