British luxury airline suspends operations

May 30th, 2008 - 5:11 pm ICT by admin  

London, May 30 (DPA) British business class airline Silverjet said Friday it was suspending operations with immediate effect due to a cash crisis. Silverjet, which was founded in January, 2007, flies from London to New York and Dubai.

It said last week that money agreed under a deal worth 12.7 million pounds ($25.4 million) signed with a Middle Eastern investor had not come through.

Silverjet sells business class tickets only with about 100 seats per aircraft. It has a fleet of 3 aircraft.

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