MAXjet Ceases Operations on 12/24/2007
#1
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MAXjet Ceases Operations on 12/24/2007
LONDON (AP) -- MAXjet Airways ceased operations on Monday - leaving jets on tarmacs and stranding passengers on Christmas Eve - as the all-business class airline filed for bankruptcy protection.
MAXjet took what it called a "drastic measure" because of soaring fuel prices and the deteriorating credit market. But analysts suggested competition from AMR Corp.'s American Airlines on one of MAXjet's key routes also played a big role.
Full story: http://money.cnn.com/rssclick/2007/1..._international
MAXjet took what it called a "drastic measure" because of soaring fuel prices and the deteriorating credit market. But analysts suggested competition from AMR Corp.'s American Airlines on one of MAXjet's key routes also played a big role.
Full story: http://money.cnn.com/rssclick/2007/1..._international
#2
Moderator: American AAdvantage & Marriott Bonvoy
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Since MAXjet is a London-based airline, this thread belongs in the Other European Airlines forum. So I'll move this thread there.
Note also, that there is also a thread discussing the topic in the British Airways forum.
-AZ
Moderator
Note also, that there is also a thread discussing the topic in the British Airways forum.
-AZ
Moderator
#3
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Since MAXjet is a London-based airline, this thread belongs in the Other European Airlines forum. So I'll move this thread there.
Note also, that there is also a thread discussing the topic in the British Airways forum.
-AZ
Moderator
Note also, that there is also a thread discussing the topic in the British Airways forum.
-AZ
Moderator
Did maybe mix it up with Silverjet?
#4
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#5
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#6
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I read a devastating review of the Maxjet experience one year ago in Business Traveller magazine. The reviewer's account of the behavior of the inflight staff was beyond belief. When the review was drafted the magazine submitted it to Maxjet to give them a chance to respond, and the airline's PR agency responded by threatening the reviewer, which was all duly reported. I didn't give Maxjet much of a shot from that point forward; I'm surprised they've hung on this long.
#7
Moderator: American AAdvantage & Marriott Bonvoy
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Doh!
I've requested that the moderator of the Other European Airlines forum move this back to the Other North American Airlines forum (I don't have admin authority in that forum to move it back), so hopefully it will be back where it belongs again soon. I'm sorry for the confusion.
#9
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Not surprising that a larger airline or two can add enough competitive pressure to bankrupt a startup.
MAXjet will be missed. Not because they were any good (I haven't tried their product) but because they added some very needed competition on the NYC-LON business route. AA and BA are probably salivating at their ability to curtail their I-fares now that a competitor is bowing out.
MAXjet will be missed. Not because they were any good (I haven't tried their product) but because they added some very needed competition on the NYC-LON business route. AA and BA are probably salivating at their ability to curtail their I-fares now that a competitor is bowing out.
#10
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I was bit too disappointment with Maxjet goes out of business. It was not enough the financial. It was getting into trouble the financial from Maxjet is gone. I know Maxjet was flies from STN-LAX, IAD, JFK or EWR and along other cities. Do you know whicih specific routes was being served from STN?
#11
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Will
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#13
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Sad to see her go. Have a buddy whose family was a behind the scenes investor and was planning an upcoming trip with them. Looks like he will have to make alternate plans.
#14
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I read a devastating review of the Maxjet experience one year ago in Business Traveller magazine. The reviewer's account of the behavior of the inflight staff was beyond belief. When the review was drafted the magazine submitted it to Maxjet to give them a chance to respond, and the airline's PR agency responded by threatening the reviewer, which was all duly reported. I didn't give Maxjet much of a shot from that point forward; I'm surprised they've hung on this long.
#15
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Judge: MAXjet Can Help Stranded Fliers
WASHINGTON (AP) -- A federal judge said MAXjet Airways Inc. can use $390,000 to accommodate more than one thousand customers left stranded by the airline's Christmas Eve bankruptcy filing.
Source: http://biz.yahoo.com/ap/071227/maxje...ptcy.html?.v=1
Source: http://biz.yahoo.com/ap/071227/maxje...ptcy.html?.v=1