Matt Molnar
2008-04-30, 06:19 PM
$25 million cash injection keeps Silverjet flying (http://edition.cnn.com/2008/BUSINESS/04/30/silverjet.funds/)
LONDON, England (CNN) -- Business class airline Silverjet has found a Middle Eastern investor to pump $25 million into the struggling group.
Shares in the airline climbed 26 percent after Silverjet said it had signed a memorandum of understanding with an unnamed investor from the United Arab Emirates.
The company said up to a further $75 million had also been pledged under the deal. [Full Article (http://edition.cnn.com/2008/BUSINESS/04/30/silverjet.funds/)]
LONDON, England (CNN) -- Business class airline Silverjet has found a Middle Eastern investor to pump $25 million into the struggling group.
Shares in the airline climbed 26 percent after Silverjet said it had signed a memorandum of understanding with an unnamed investor from the United Arab Emirates.
The company said up to a further $75 million had also been pledged under the deal. [Full Article (http://edition.cnn.com/2008/BUSINESS/04/30/silverjet.funds/)]