Breaking News: Velvet Sky suspends flights

As a result of recent events, the negative impact on business, and adverse publicity, Excalibur Aerospace has announced the suspension of all its Velvet Sky flights, from Monday February 27th until Monday March 5th 2012.

"The suspension will allow the company time to reconstitute its board, and balance sheet, and realign its short-term strategy. It will also allow the company time to properly resolve the disputes with certain suppliers."

Customers holding reservations for these dates may choose to change their bookings to a later date, or apply for a refund.

"The Chairman and Board is confident that the long-term outlook for Velvet Sky is positive, and that developments currently under discussion will significantly improve the company’s position."