typical

Shame, I quite fancied trying them as an alternative to BA from Dubai...

http://news.bbc.co.uk/2/hi/business/7427056.stm

Sam FTQ

As per my prediction months ago:

http://britishexpats.com/forum/showt...25#post5949425

twinkle-star

Does that mean that people are stranded places with a worthless ticket and cant get home?

typical

It hasn't folded (quite) yet - apparently they closed because they couldn't access the funds from their investor / loan provider (debt and equity deal). They don't exactly sound forthcoming that it'll come now, though.

Good foresight anyway. The writing was appearing on the wall after Maxjet closed last year (and much stronger after EOS this spring), but they did seem to be in a stronger position than their rivals.

Unless they start operating again. BA and Virgin have a history of offering cut-price deals to holders of such tickets, but they're under no obligation.

Eeyore

I did wonder about the viability of an airline only offering business-class seats given the current financial environment. Surely many companies are going to start forcing more and more staff to travel economy on business trips?

Ray

Silverjet is grounded as it fails to land cash

Silverjet, the business class-only airline that pledged to change the face of air travel, became the latest casualty of rocketing oil prices today when it ran out of cash and grounded its planes.

It suspended all flights, leaving hundreds of passengers stranded and 350 staff in severe uncertainty, after promised emergency funding from a Middle Eastern investor failed to arrive.

The group, which started in January 2007 and flew from Luton to New York and Dubai, has been trying to obtain £12.7 million under a deal agreed with Viceroy Holdings.

http://www.thisislondon.co.uk/standa...ash/article.do


anybody used them from there

Eeyore

Threads merged

lionheart

As the Silverjet chief announced that he had secured funding over a month ago, causing the share price to rise, it seems that the Fraud Office needs to get involved.

typical

He seemed to believe he'd be getting the money from the UAE 'real soon now'. Obviously not.