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The government is in a desperate race to try and refloat the UK economy before we see a major collapse in the UK employment market. A recent flurry of announcements from various recruitment...
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Saturday 24th May 2008
While just a short few weeks ago Silverjet announced a £12.7 million investment from Middle East Investment Company, UAE, the airline has been forced to suspend trading in its shares on the London Stock Exchange. The airline, which was only launched 18 months ago, was unable to draw down £2.5 million of the funds agreed to finance the venture. While UAE are still adamant that they want to invest in the company there are many in the market concerned about the future of Silverjet.
There was much joy only a few short weeks ago when the rescue package was announced and while the whole situation is shrouded in mystery it seems that troubles in the sector have taken their toll. In a side note Silverjet has also announced that they are in talks with other potential investors but it all seems very much too little too late after the original rescue package was agreed.
Many in the City are questioning how an agreement was announced to the markets yet it has failed to appear some weeks down the line. However, the rising oil price, falling passenger numbers and general cost increases across the sector have even seen many of the majors struggling. Will Silverjet return form suspension? Will they fly again? |
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