Silverjet agrees loan facility

Silverjet has announced that it has entered into both a Subscription Agreement and a Loan Facility Agreement with Viceroy Holdings LLC which is affiliated with Viceroy Fund, an international luxury development fund based in the USA and UAELawrence Hunt, Chief Executive of Silverjet said:
“I am delighted to confirm that following the announcement on 30 April concerning the Memorandum of Understanding, Silverjet has now entered into a binding conditional agreement and secured the commitment of a high quality, long-term strategic investor. Viceroy is committed to the development and expansion of Silverjet, and proposes to inject further capital to develop the Silverjet proposition.

“This investment means that Silverjet is now well placed, both financially and strategically, to exploit the opportunities which exist in the airline and all business class market - a market which we now dominate.”