Silverjet Working capital update

As announced on 30-April 2008, Silverjet's working capital reserves are limited and advances under the Loan Facility are required as a matter of urgency.

In the circumstances, Silverjet has requested, and the London Stock Exchange has confirmed, an immediate suspension in the trading of the ordinary shares of the Company on the AIM market of the London Stock Exchange. 

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.

© Centre for Asia Pacific Aviation. Date posted: 26-May-08
 

Other Silverjet News

• Silverjet says Talks continue with Potential Investor
• Silverjet Working capital update
• Silverjet restructures key departments and personnel
• Silverjet in talks to replicate its Premium Class model through franchise agreements
• Silverjet enters Subscription Agreement and Loan Facility Agreement with Viceroy
• Silverjet reports April 2008 Passenger and Traffic statistics
• Silverjet announces urgent cash injection of USD25 million from UAE investor
• Silverjet Launches Seat Offer to EOS Passengers
• Silverjet launches Silverjet Mobile
• Silverjet marks first birthday, including milestone Dubai service