Silverjet urges shareholders to oppose Viceroy deal



 
Silverjet urges shareholders to oppose Viceroy deal


<p>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 &pound;4.3m share issue was one part of a &pound;12.7m debt and equity lifeline the fund had agreed to inject into the company. Silverjet has since been unable to access the promised &pound;8.4m loan. Silvjerjet remains in talks with another "potential investor."</p>

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News entry number 4976 added on May 30, 2008 in the Business News category.

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