Maxjet
Lady Lexxington
Joined: Jul 2004
Posts: 1,145
Likes: 0
From: The Manor House
MAXJet Shares suspended.
From E-Tid:
breaking news
MAXjet shares suspended
07 Dec 2007
AIM-listed business-only carrier MAXjet 'has today [Friday] requested that the trading of its common stock be suspended with immediate effect pending clarification of its financial position'.
More details to come.
MAXjet shares suspended
07 Dec 2007
AIM-listed business-only carrier MAXjet 'has today [Friday] requested that the trading of its common stock be suspended with immediate effect pending clarification of its financial position'.
More details to come.
Joined: Nov 2007
Posts: 57
Likes: 0
From: Tees Valley
According to the live flight information, it is Last Call, so it looks as though it is going...
http://www.stanstedairport.com/porta...ba0109328c1a0/
http://www.stanstedairport.com/porta...ba0109328c1a0/
Joined: Jun 2001
Posts: 5,896
Likes: 1
From: Rockytop, Tennessee, USA
That is the standard London Stock Exchange announcement made when a company has run out of money.
Joined: Jun 2001
Posts: 5,896
Likes: 1
From: Rockytop, Tennessee, USA
Fresh off the AP wire:
http://www.cnbc.com/id/22148806/for/cnbc
Ben Foster, a spokesman for MAXjet in London, sought to assure passengers that the suspension of trading will have no effect on operations.
"It's very much business as usual," he said in a telephone interview. "The airline will be flying next week, and over Christmas."
"It's very much business as usual," he said in a telephone interview. "The airline will be flying next week, and over Christmas."
Joined: Sep 2007
Posts: 246
Likes: 72
From: UK
I am surprised at the low number of posts here given the significance of this news.
As an astute poster implied, it is absolutely clear that this means game over for MAXJet. Period. The significance of this is what it says for the concept of all-business class travel, a new (and therefore small) but also potentially significant sector.
Is it dead and buried? Will Silverjet be next? Or is this due to the specifics of MAXjet's operation and/or financing, which will help Silverjet in giving them a run of no competition to launch this segment and establish the business model?
Interesting times ahead for this niche air transport segment
As an astute poster implied, it is absolutely clear that this means game over for MAXJet. Period. The significance of this is what it says for the concept of all-business class travel, a new (and therefore small) but also potentially significant sector.
Is it dead and buried? Will Silverjet be next? Or is this due to the specifics of MAXjet's operation and/or financing, which will help Silverjet in giving them a run of no competition to launch this segment and establish the business model?
Interesting times ahead for this niche air transport segment
Joined: May 2003
Posts: 193
Likes: 0
From: Europe
With significant improvements to the Virgin product (Limo to Lounge in 10 minutes and a private, all business cabin) and BA's Project Laurel with unlimited backing, it's only a matter of time before the demise of the all business carriers from the regions.
Joined: Jul 2004
Posts: 264
Likes: 0
From: Under a Log
http://www.flysilverjet.com/press-re...007-12-07.aspx
December, 2007
Silverjet flies to the rescue of Maxjet customers
Silverjet, the British airline that offers a private jet experience at a fraction of the price, has today announced that it is to make a limited number of seats available to Maxjet customers travelling today (Friday 7) and tomorrow (Saturday 8). The news will come as a welcome relief to the many passengers worried about possible flight cancellations following Maxjet’s announcement this morning that it has suspended the trading of its shares pending clarification of its financial position.
December, 2007
Silverjet flies to the rescue of Maxjet customers
Silverjet, the British airline that offers a private jet experience at a fraction of the price, has today announced that it is to make a limited number of seats available to Maxjet customers travelling today (Friday 7) and tomorrow (Saturday 8). The news will come as a welcome relief to the many passengers worried about possible flight cancellations following Maxjet’s announcement this morning that it has suspended the trading of its shares pending clarification of its financial position.
