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| Version 0 | Version 1 |
|---|---|
| Bankruptcy for business airline | Bankruptcy for business airline |
| (about 3 hours later) | |
| Low-cost business class airline Maxjet has ceased operating and filed for Chapter 11 bankruptcy protection. | Low-cost business class airline Maxjet has ceased operating and filed for Chapter 11 bankruptcy protection. |
| In a statement to the London Stock Exchange, it said its efforts to raise more capital had been unsuccessful. | In a statement to the London Stock Exchange, it said its efforts to raise more capital had been unsuccessful. |
| Launched two years ago, Maxjet operated from London's Stansted airport, flying between London and New York. | Launched two years ago, Maxjet operated from London's Stansted airport, flying between London and New York. |
| The US company blamed its difficulties on fuel price inflation, competitive pressures and a decline in consumer spending. | |
| It has bought 500 seats from rival Eos Airlines to accommodate passengers awaiting return flights from London and New York. | It has bought 500 seats from rival Eos Airlines to accommodate passengers awaiting return flights from London and New York. |
| Maxjet introduced its all-business-class service with a fleet of Boeing 757s in November 2005. Later, it launched services to Las Vegas and Los Angeles. | Maxjet introduced its all-business-class service with a fleet of Boeing 757s in November 2005. Later, it launched services to Las Vegas and Los Angeles. |