Silverjet Stops Flying

With the high price of oil these days and the shuttering of several other airlines in recent days, it probably comes as no surprise that Silverjet has ceased operations. Billed as an all business class service, Silverjet served a niche market flying to and from New York (Newark), London, and Dubai.

The airline has suspended all flights as of May 30, 2008. If you're holding a Silverjet ticket for future passage, call your credit card company to request a refund. If you're mid-trip, call other airlines serving your destination and ask if they will honor Silverjet tickets or offer a low-cost alternative as a goodwill gesture.

Silverjet executives are speaking with other investors but, at this time, have been unable to procure the funds needed to keep the airline flying.