Earlier this morning, low-cost carrier Silverjet announced that it ceased operations today after not receiving funding from its financial backers. While the web site says that the airline is working with new investors to secure funding that could allow the airline to fly again in the future, an email sent by a company representative to colleagues sounded much more like a final farewell when the author stated, “It is a horrible day and one we all hoped and thought would never come….it has been an absolute pleasure working with you all and please do stay in touch.”

Silverjet is only the latest airline to cease operations this year in the midst of record-high fuel prices, but it is especially notable because it is the last of the business-class only carriers to fold. Competitors EOS Airlines and MAXjet Airways filed for bankruptcy earlier this year.

The airline is advising passengers with tickets for future travel on Silverjet to seek refunds from the point of purchase, meaning the credit card company used at the time of purchase or travel agency that issued the tickets.

This entry was posted on Friday, May 30th, 2008 at 12:24 pm and is filed under Air Travel, Travel Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.