Airline MAXjet files for bankruptcy
Tuesday, 25 December 2007
LONDON, Dec 24 (AP): MAXjet Airways said Monday it had filed for bankruptcy, taking what the all-business class airline called a "drastic measure" because of soaring fuel prices and the deteriorating credit market.
The bankruptcy forced MAXjet to reserve hotel rooms for stranded holiday passengers who had booked return flights between New York and London. The carrier was also working with another airline to find alternative routes, officials said.
In a message posted on the airline's Web site, president and chief executive William Stockbridge said the Dulles, Va.-based airline had filed for Chapter 11 bankruptcy.
The bankruptcy forced MAXjet to reserve hotel rooms for stranded holiday passengers who had booked return flights between New York and London. The carrier was also working with another airline to find alternative routes, officials said.
In a message posted on the airline's Web site, president and chief executive William Stockbridge said the Dulles, Va.-based airline had filed for Chapter 11 bankruptcy.