Silver Air suspends operations

Nine months after securing its air operator's certificate from the GCAA (General Civil Aviation Authority), Silver Air, the Dubai-based private charter company, has suspended operations effective yesterday, according to a top company executive.

"Effective August 2, 2009, Silver Air is suspending its current operations due to a complete re-organisation of the company," Tim Lee, Commercial Director of Silver Air, told Emirates Business.

In a sudden move, that comes at a time when the global air travel industry is on a rapid decline succumbing to the economic downturn, the company has asked all its employees to surrender company property such as full uniform, company ID, mobile phones and airport passes and so on, according to a source.