Bankrupt business class-only airline Silverjet on Monday conceded defeat in its battle to get back in the air, announcing it has given up on trying to find a buyer for the company.
"In the end, the investment climate has become too cautious and the economic conditions very difficult for us gain the scale we needed," Silverjet CEO Lawrence Hunt said in an emailed statement.
Earlier in the day Silverjet's administrators told Arabian Business five groups had expressed interest in reviving the airline, but that the chance of a deal being concluded was growing increasingly unlikely.
"The longer it is left, the harder it is to put back together again," Mark Fry, joint administrator at Begbies Traynor, said in a telephone interview. |
