Tracy Alloway reports on how Lawrence Hunt, the CEO of Silverjet, paid for fuel expenses in the
airline’s final weeks:
Hunt’s solution was to put fuel expenses on his personal credit card while the company waited for its next round of investment to come through. That’s about ß£20,000 per flight, three roundtrips a day, for a couple of weeks – a sizeable amount.
The siver lining? Hunt was using a card that rewarded him with British Airways air-miles.
Sizeable is right: by my calculations it works out to about $3 million. That’s some credit limit Hunt has!
(HT: David Sunstrum)