Silverjet Shuts Down

Last Friday, shares of Silverjet PLC were suspended for trading. The reason? Financing expected to help shore up their operations between London Luton and both JFK and Dubai had fallen thru.

Today, they announced they're ceasing operations. It's been almost a month since the last airline shutdown due to oil prices...

And since I can't help but mention, this is the third of the three all-business class airlines serving London, and all failed within almost five months to the day of each other. The business model just doesn't work...


And yes, I haven't posted much lately. Travel called, and I'll have more to write about that when I'm home.