News

Silverjet suspends trading on AIM

Silverjet has suspended trading on the AIM market of the London Stock Exchange.


On 6 May the airline revealed it had secured a loan facility to borrow up to £8.4 million and a proposed £4.3 million subscription agreement with investor Viceroy Holdings, which is affiliated with Viceroy Fund, an international luxury development fund based in the US and the United Arab Emirates.


On 2 May 2008, Silverjet Aviation served a notice under the loan facility to drawdown approximately US$5 million.


Silverjet has yet to receive the full drawdown.


Silverjet’s working capital reserves are limited and advances under the loan facility are required as a matter of urgency.


The business-class airline  says it is continuing to have  discussions with other parties, which have confirmed an interest in investing in the Company.


Its services continue as scheduled.




Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.