Silverjet suspended trading of its shares on the London Stock Exchange's AIM market Friday owing to concerns about its working capital reserves. The Luton-based all-business-class carrier said it had not yet received a $5 million drawdown from a planned loan agreed by UAE investment group Viceroy Holdings and reiterated its April 30 statement that its "working capital reserves are limited" and it needs the funds "as a matter of urgency." It recently announced an agreement with Viceroy for an ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.