A Swiss investment company is understood to have made an offer for collapsed business-class only airline Silverjet, it was reported today.

Shares in business class airline Silverjet were suspended today after the group revealed that a vital cash injection had failed to come through.

Plans by British Airways to launch transatlantic services from European capital cities next summer appeared to be taking shape today.

A transatlantic luxury airline battle commenced today when the second of two competing carriers took off from Stansted airport in England for New York.

A former British Airways executive will start a new airline this year to fly between New York and London.