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Silverjet says Talks continue with Potential Investor

30-May-2008
Airline Code [FJE]  View More Silverjet News   
Silverjet says Talks continue with Potential Investor

Tags :UK, Silverjet

(XFN-ASIA) Business airline Silverjet Plc. said talks are continuing with a potential investor to provide the necessary finance to enable it to continue operating.

 

The company added its services continue to operate as scheduled.
 
Silverjet also said it has urged its shareholders to vote against the allotment of shares to Viceroy Holdings LLC in accordance with the subscription agreement entered into on 2-May.
 
On 2-May, Silverjet's wholly-owned unit Silverjet Aviation Ltd. had entered into a 8.4-million-pound loan facility deal and the company had entered into a proposed 4.3-million-pound subscription agreement with Viceroy. Silverjet Aviation served a notice under the loan facility to drawdown about $5.0 million, which it has yet to receive.
 


Date posted: 30-May-08
 

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