Arlington, VA - May 30, 2008 - ARC has learned that Silverjet (362/Y7) has ceased operation effective May 30, 2008. Accordingly, ARC is suspending its Agreement with the carrier but will continue processing Silverjet transactions including refunds through the conclusion of sales period ending June 1, 2008 (PED 06-01-08).
Travel Agents and their customers are advised to consult the carrier's Web site at http://www.flysilverjet.com/ for updated information.
Unless otherwise updated by ARC, no Silverjet-validated transactions will be accepted effective with agents' 06-08-08 sales reports. For subsequent transactions, the carrier advises customers who paid by credit card to contact their credit card company for refund. If paid by debit card or charge, customers are instructed to contact ATOL, Section CAA, 49 - 59 Kingsway, London, WC2B 6TE.
About ARC - ARC is a technology solutions company providing transaction settlement and data information services.
Airlines, travel agencies, corporate travel departments, railroads, and other travel suppliers process up to $80 billion annually through ARC's world-class settlement system, making it the financial backbone of travel distribution. ARC COMPASS®, the leading, trusted source for travel transaction information, powers data and analytical tools that help ARC customers make confident business decisions. For more information, please visit www.arccorp.com.