Silverjet urges shareholders to oppose Viceroy deal

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The Independent Online

Silverjet, the struggling business-class airline, was left on life support yesterday after a Gulf investment firm pulled out of a previously agreed financing deal. The carrier rushed out a statement urging investors to vote down a motion to issue new shares to Viceroy Holdings, a United Arab Emirates fund, at a shareholder meeting today. The £4.3m share issue was one part of a £12.7m debt and equity lifeline the fund had agreed to inject into the company. Silverjet has since been unable to access the promised £8.4m loan. Silvjerjet remains in talks with another "potential investor."

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