Silverjet says Talks continue with Potential Investor

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
 

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