UK all-premium carrier Silverjet has suspended operations after failing to secure much-needed funding from prospective investor Viceroy Holdings or any other channel.

London Luton-based Silverjet’s shares have been suspended since 23 May after cash from a $5 million loan and equity agreement with Viceroy Holdings failed to materialise. The airline has repeatedly stressed its working capital reserves are limited and that it urgently requires the loan advance.

“Silverjet continues to be in discussions with investors interested in supporting the business of Silverjet, however it has yet to conclude such discussions to its satisfaction,” it says today.

“It is with deep regret that the board of Silverjet has therefore decided that it must suspend operations with immediate effect. The last service of Silverjet was the flight from Dubai to London Luton, which departed at 07:30 this morning.”

Silverjet beg

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