News: Maxjet cancels all flights and files for bankruptcy

Flights > News > # 1629 (27/12/2007)

American low-cost business class airline Maxjet has ceased operating and filed for Chapter 11 bankruptcy protection.
In a statement to the London Stock Exchange, it said its efforts to raise more capital had been unsuccessful.
Launched two years ago, Maxjet operated flights from London Stansted to New York, Las Vegas and Los Angeles.
Maxjet blamed its difficulties on fuel price inflation, competitive pressures and a decline in consumer spending.
The airline is attempting to find alternative flights for passengers with forward bookings. It has signed a contract with rival business-class airline Eos for seats to accommodate passengers intending to fly between New York and London.
A Maxjet spokesman said: "Passengers needing return travel between London, Los Angeles and Las Vegas will be contacted regarding their flight re-accommodations.
"Any customers who choose to make flight accommodations directly should seek a refund from their point of purchase (credit card or travel agency) for the unused leg of their journey.
"We have also secured hotel rooms in London, New York, Las Vegas and Los Angeles through early January 2008 which we will provide to affected passengers whose travel plans have been disrupted."