Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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December 24, 2007

MAXjet Airways, Inc. files for Chapter 11

UPDATE:  On January 24th, the debtor filed a motion to approve bidding procedures regarding the sale of its business assets.  Click here to download available documents.

MAXjet Airways, Inc. filed for chapter 11 bankruptcy protection today in Wilmington, Delaware.  The Dulles, Virginia airline listed Israeli Aircraft as its largest unsecured creditor with a trade claim of almost $2.4 million.  The debtor's website referenced high fuel prices and a difficult credit climate as reasons for its filing.

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