Desperate Measure of the Day, Silverjet Edition

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 ߣ20,000 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)

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