Another one bites the dust
LONDON – Last month Silverjet CEO Lawrence Hunt was telling an audience of travel industry executives in Dubai that the all-business airline was on course for expansion.
The UK airline hoped to use the funds from a UAE investor to assist the international rollout of the Silverjet brand into new markets within the Middle East, Asia and Africa.
Now, unable to secure critical funds from Viceroy Holdings, Silverjet shut down last Friday. It followed two other business class only airlines, Eos Airlines and MAXjet Airways, into the history books.
“Regrettably, due to unforeseen circumstances, [our potential investors] were unable to unlock the finance that we needed,†Hunt wrote in a letter posted on the airline’s website.
About 10,000 passengers are believed to have been affected by the shutdown.
Silverjet had been waiting for a US$5 million advance on the loan facility with Viceroy and had said its working capital reserves “were limited.”
The company has not given up, however, and Hunt said it is “working actively with new investors who are prepared to inject new funds so we can recommence operations.â€
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments