Another One Bites the Dust
Just when most of the world seems ready to sit down and enjoy
the latest in Christmas diversions, comes word of another airline
bankruptcy... stranding a number of passengers halfway around the
globe, in the process. MAXjet Airways is the two year old airline
serving a business class market for a number of transatlantic
routes, that ceased operations on Christmas Eve, citing the usual
culprits in a US airline bankruptcy petition... failure to raise
needed operating capital, rising fuel costs, and an increasingly
tough competitive environment.