Adventures of Link: Maxjet in Trouble?
A few more passengers might help...
Swanky transatlantic carriers were so hot in '06, but it looks like the fire might be dying down. Maxjet suspended trading of its shares on Friday, "pending clarification of its financial position." The airline has been hemorrhaging cash, and that's the likely cause of its current trouble.
To make things worse, while the airline offers nicer service than standard issue coach, it's not on the same level as competitors Silverjet or Eos. And industry analysts say there are some fundamental problems in the way Maxjet operates: namely, they keep one plane grounded as a spare (expensive!) and fail to deliver on promised top-notch service. Certainly doesn't seem like the way to keep your company's financial position in the black.
Related Stories:
· Maxjet Share Trading Halted [Financial Times]
· Maxjet Suspends Shares Over Liquidity Fears [Times Online]
· Maxjet Stock Down 45% Since June [Google Finance]
· Despite Fears Maxjet Says It's "Business as Usual" [AP, via Portfolio]
· Is the End Near for Maxjet? [Upgrade Travel Better]
[Photo: Wikipedia]
Leave a Comment
Not yet a member? Click here to become a member.
Already a member? Login below: