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(TVLW) - Most chief executives wind down in the run-up to Christmas - but not William Stockbridge. In the past few weeks Stockbridge, the chief executive of Maxjet, has worked furiously to rescue the business airline he founded just four years ago.
HOUSTON (TVLW) - Continental Airlines has announced that it will accept tickets for standby travel from passengers who were originally scheduled to fly on MAXjet Airways following that airline's cessation of service.
WASHINGTON (TVLW) — 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."It is with deep regret that I must inform you that Maxjet filed Chapter 11 bankruptcy on 24 December 2007," said president and CEO William Stockbridge in a statement.