This Could Be SilverJet’s Last Weekend Flying

May 23rd, 2008 | By Jared Blank

Shares in SilverJet were suspended today as the airline announced that it did not receive the Middle East funding it had announced a couple of weeks ago (basically what happened to Eos). The business class carrier was expecting a $5 million to keep themselves afloat, but the cash never arrived in their account (the old check-is-in-the-mail issue). That their shares aren’t trading is a terrible sign, and I would expect them to announce shutdown in the next couple of days.

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