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Silverjet has suspended trading of their share on the AIM. Was it just a matter of time? In a relatively short period, we’ve seen all-business class carriers MAXJet and eos take their last flights. We also questioned whether Silverjet was doomed even before eos bid farewell to the commercial travel scene. So, it was bound to happen, right? Maybe not. You may remember that Silverjet recently announced it had received an investment that would keep planes in the air and possibly lead to larger investments in the future. However, as reported by the BBC, “…it has yet to receive the cash and as a result asked the London Stock Exchange to suspend its shares.” Keep reading to see how the UK-based business class-only carrier will continue flying… |
In a Silverjet release, the airline states “Silverjet continues discussions with other parties, which have confirmed an interest in investing in the company. In the meantime, Silverjet’s services continue as scheduled.”
For the time being, Silverjet will continue ferrying people between New York, London, and Dubai. However, we’ve already seen the effects the economy and rising fuel prices are having on niche business class providers. We’ll keep you informed, and we will let you know what the fate of Silverjet once it is clearer.
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