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Silverjet completes successful fundraising

  • United Arab Emirates: Monday, May 05 - 2008 at 13:54
  • PRESS RELEASE

Silverjet plc, the British exclusively business class airline, announces that on 2 May 2008 it entered into both a Subscription Agreement and a Loan Facility Agreement with Viceroy Holdings LLC which is affiliated with Viceroy Fund, an international luxury development fund based in the USA and UAE, details of which are set out below.

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Lawrence Hunt, Chief Executive of Silverjet said:

"I am delighted to confirm that following the announcement on 30 April concerning the Memorandum of Understanding, Silverjet has now entered into a binding conditional agreement and secured the commitment of a high quality, long-term strategic investor".


Viceroy is committed to the development and expansion of Silverjet, and proposes to inject further capital to develop the Silverjet proposition.

"This investment means that Silverjet is now well placed, both financially and strategically, to exploit the opportunities which exist in the airline and all business class market - a market which we now dominate".
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Eman Hassan Posted by Eman Hassan
Monday, May 05 - 2008 at 13:54 UAE local time (GMT+4)

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