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All business-class airline Maxjet declares bankruptcy

26 December 2007

Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said.

The US company said it had made a deal with competitor Eos Airlines “for seats on Eos’ scheduled all-Premium service to accommodate passengers awaiting a return flight between New York and London.

It also vowed to provide hotel accommodations for affected travelers in London, New York, Las Vegas and Los Angeles through early January 2008.

source: AFP

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