MAXjet Airline Declares Bankruptcy


	MAXjet Airline Declares Bankruptcy

Jenhahaha

12-27-2007 10:49 AM

258 views

tags:

maxjet, bankruptcy, christmas, chapter 11, airlines

Jenhahaha says:

Filing for bankruptcy right on Christmas Eve - not cool! MAXjet left its own passengers stranded in the middle of holiday travel.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/03f498e5-6335-476f-9021-8556cc19c609/2C20150A-B21A-4512-8E68-141EBCFAD1A9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://luxuryresorttravel.suite101.com/article.cfm/maxjet_airline_declares_bankruptcy" href="http://luxuryresorttravel.suite101.com/article.cfm/maxjet_airline_declares_bankruptcy" style="font-size: 11px;">luxuryresorttravel.suite101.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://luxuryresorttravel.suite101.com/article.cfm/maxjet_airline_declares_bankruptcy"><P>One of the world’s smaller all business class airlines has filed for bankruptcy. MAXjet was promoted as something like a discount all-business airline with relatively cheap tickets; apparently, this wasn’t enough of a gimmick to raise the capital needed to keep running (or, more appropriately, flying).</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://luxuryresorttravel.suite101.com/article.cfm/maxjet_airline_declares_bankruptcy"><li style="margin-left:16px;padding-left: 0px;">The competition referred to by MAXjet execs likely refers to American Airlines, which has stepped up its own luxury flight and <A href="http://luxuryresorttravel.suite101.com/article.cfm/american_airlines_admirals_club">airport accommodations.</A> It’s not simply America Airlines’ slicking back its hair and shining its shoes, however – there truly has been an aggressive move on its part to cause monetary problems for the upstart all-business class airline. MAXjet saved money by flying out of Stansted Airport, rather than Heathrow. Just two months ago, American Airlines started flying to Stansted as well as the more-centrally located Heathrow.</LI></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2C20150A-B21A-4512-8E68-141EBCFAD1A9/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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