Middle Eastern white knight rides in for Silverjet

Further to my blog on Monday commenting on Silverjet’s prospects of staying alive, these seem to have improved greatly with the announcement that it has signed an MOU with an investor from the United Arab Emirates.

The UK-based all-business carrier says the unnamed investor will pump in $25 million (£12.7 million) right away and up to another $75 million to help take the brand to other places like Africa, the Middle East and the Far East.If Silverjet can seal up this new cash then survival, at least for the summer, seems assured. It is an important move, and one that will give confidence to travellers that might have been put off by the failures of Eos and Maxjet that this carrier will keep flying and won’t leave them in the lurch.

Here’s our latest analysis of the all-business class sector.

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