Bloomberg reports this morning that trading in shares of Silverjet have been suspended in London because the airline has yet to receive a promised $5 million investment.
The airline said today in a statement that it had asked for the money as part of a loan agreement from Viceroy Holdings LLC, a U.A.E.-based fund. But the airline said that it has yet to receive all of the money. Shares were suspended from trading on the London Stock Exchange’s Alternative Investment Market at the request of the Luton, England-based airline.
In the statement, the airline said, “Silverjet’s working-capital reserves are limited and advances under the loan facility are required as a matter of urgency,” the carrier said. “Silverjet continues discussions with other parties, which have confirmed an interest in investing in the company.”
Uh-huh.
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