Silverjet goes bust

30 May 2008 by Mark Caswell

All-business class carrier Silverjet has ceased operations as of today (May 30), a week after its shares were suspended.

A statement on its website says:

"When our inaugural flight took off in January 2007, we pledged to change the face of air travel. Your appreciation of our unique values and your belief in our product has allowed us to achieve this.

Your belief in us was shared by our investors – but regrettably, due to unforeseen circumstances, they were unable to unlock the finance that we needed. As a result, we are very sad to announce that from 30 May 2008, we will cease operations and we are no longer able to honour flight reservations.

We extend our sincerest apologies to those of you who have travel plans with Silverjet in the future and at present. You are advised to seek alternative travel arrangements with other carriers, and contact your credit card company or travel agent directly for information on obtaining refunds.

We are working actively with new investors who are prepared to inject new funds so we can recommence operations. If we are able to achieve this, we will make an announcement as soon as possible and we hope to be able to bring you our very 'sivilised' flying experience again."

Silverjet's demise follows the failure of rival all-business class carriers Maxjet and Eos (see online news January 2 and April 28), leaving French airline L'Avion as the only dedicated business class carrier flying across the pond (Lufthansa does provide an all-business class service from Frankfurt to New York Newark). The announcement has produced a flurry of forum comments by readers – click here to view the latest posts.

For more information visit

Report by Mark Caswell

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