Airline to Expand Markets and Charter Operations with Delivery of New Aircraft

MAXjet Airways has reached an agreement in principle for two more aircraft to be delivered in early 2007, expanding the airline's fleet to five 767s. In addition, the Company is having ongoing negotiations for additional aircraft to be brought into the operations in 2007. With loads on the increase and MAXjet owning the majority share of transatlantic traffic between the U.S. and London Stansted Airport., the airline continues its focus on expansion, both in frequency and new routes, to satisfy the growing demand.

The com[pany says that the success of MAXjet's all-business-class service continues to grow as it experienced load factors of more than 70 percent in both June and July on its route between New York and London Stansted. On its Washington to London base route just launched April 3, MAXjet reported a 60 percent average July load factor.

As well as the scheduled routes, MAXjet's luxury charter operations continue to grow with the acquisition of its third aircraft, which is expected to enter service in September. This aircraft will focus on the growing charter business as well as being used as support on the New York and Washington scheduled routes. The airline's luxury charter business, which has experienced significant growth, transports groups to various destinations throughout Europe, the Caribbean and the U.S. Recent charters include Stockholm to Las Vegas, and England to Washington D.C. and Los Angeles. The Company has a strong customer base that includes corporations, government entities and professional sports teams.

"The two new aircraft will be used to open new scheduled service markets and increase our charter operations," said MAXjet CEO Gary Rogliano. "For new scheduled service markets, we are seriously looking at Boston and Las Vegas to London, as well as exploring several other major U.S. destinations such as Los Angeles and San Francisco."

FMI: www.maxjet.com