Silverjet, a British airline focused on low cost business travel, is the latest airline to go belly up. They are using the same story as all the others...high fuel costs, business travel down….blah blah blah. If you’ve booked a flight with them recently, it might be a good idea to give your credit card company a call.

Silverjet launched less than 18 months ago as one of the new carriers offering strictly business class flights. The two other competitors in the market, MaxJet and Eos, have also called it quits in recent months. As a last ditch effort, Silverjet tried to get funding to stay afloat but their Middle Eastern investors pulled out. 

Note to anybody thinking about starting (of funding) a low cost all business class airline: It ain’t working.