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Maxjet Airways said on Monday that it had filed for bankruptcy protection, 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, [...]
FT.com - UK Homepage
Maxjet Airways, one of the new breed of business class long-haul airlines, collapsed into bankruptcy on Christmas Eve, stranding hundreds of passengers in the middle of transatlantic holiday journeys