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.

Shares in business-class airline Silverjet soared today after the company said it had received a takeover offer.

Business class-only airline Silverjet today said demand had exceeded expectations following the start of services to New York in January.

A new airline today announced plans to raise £25m (€36m) for the launch of a low-fares operation serving New York-bound business class travellers from the UK.