Maxjet - All Business Class Airline Flights Ceases Operations
| Maxjet was one of the new breed of all-business class airlines. Started in November 2005 it operated various trans-Atlantic routes. The airline lasted just over 2 years before closing down in December 2007. |
Maxjet flew out of London Stansted and served New York JFK, Washington IAD, Las Vegas LAS and Los Angeles LAX.
Maxjet used refurbished Boeing 767-200's configured with 102 reclining leather seats with 60" seat pitch.
Return fares were at premium economy levels at around £800 / $1,600 but had been as low as £430 / $750.
Criticisms levelled at Maxjet were that due to a lack of spare aircraft, any technical problems resulted in timetable delays and/or cancellations. Also that bankrupt competitors EOS Airlines (also was based at Stansted, but went bankrupt in April 2008) and Silverjet (London Luton) had superior products.
In October 2007 American Airlines also started flying daily to New York from London Stansted which put Maxjet under great pressure. (AA are discontinuing this service from July 2008).
In early December 2007 Maxjet shares on the London Stock Exchange (LSE) were suspended pending financial clarification. On December 24th 2007 Maxjet announced they were ceasing operations and all customers would be refunded or re-booked onto alternative carriers.
With open skies in 2008 the lucrative London - New York market will be open to even more intense competition.
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