STANSTED AIRPORT: Stansted-based airline files for bankruptcy

1:27pm Monday 24th December 2007

STANSTED-based airline MAXjet has today filed for bankruptcy, it has emerged.

In a statement issued on the airline's website, the company's president and chief executive officer, William Stockbridge, said it was "deep regret" that MAXjet had filed Chapter 11 bankruptcy.

The statement added: "With today's fuel prices and the resulting impact on the credit climate for airlines, we are forced to take this drastic measure. Our top priority is to assist our customers, particularly those who already have begun their travel with us, in securing alternative flight accommodations."

The company said MAXjet has contracted with Eos Airlines for seats on Eos' scheduled all-premium service to accommodate passengers awaiting a return flight between New York and London.

The statement 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."

Mr Stockbridge added: "On behalf of the entire MAXjet family, we extend our apologies to you for the inconvenience. We are extremely saddened to discontinue a service that we so passionately believe in, and we thank our loyal flyers who helped build MAXjet since our start in 2005."

MAXjet provided an all-business class service with flights from Stansted to Las Vegas, Los Angeles and New York.

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