London - British business class airline Silverjet said Friday it was suspending operations with immediate effect due to a cash crisis.

Silverjet, which was founded in January, 2007, flies from London to New York and Dubai.

It said last week that money agreed under a deal worth 12.7 million pounds (25.4 million dollars) signed with a Middle Eastern investor had not come through.

Silverjet sells business class tickets only with about 100 seats per aircraft. It has a fleet of 3 aircraft. (dpa)