18th Jun 2007 07:01
MAXjet Airways Inc.18 June 2007 18 June 2007 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, Australia, Canada, Japan, the Republic of Ireland or South Africa. MAXJET AIRWAYS, INC 80.6% MAY REVENUE LOAD FACTOR BETWEEN NEW YORK AND LONDON INTRODUCTION OF NEW JFK SATURDAY SERVICE MAXjet Airways, Inc ("MAXjet" or the "Company"), the first low-fare,all-business class airline flying between the UK and US, today announces that onthe back of a stronger-than-expected 80.6% revenue load factor between New Yorkand London in May 2007 and strong forward bookings, the airline is introducing anew Saturday service during peak periods commencing in autumn of this year. During May 2007 the Company achieved a systemwide load factor of 76.9%,representing an increase of 1.5 percentage points over the corresponding figurefor April 2007. The Company's revenue load factor on the route between New Yorkand London was 80.6%, the first month in which loads exceeded 80%. MAXjetAirways carried 4,169 revenue passengers between New York and London during May2007. MAXjet is also pleased to announce record systemwide bookings for June, July andAugust. Advance bookings for MAXjet's new service to Los Angeles starting 30August 2007 continue to be ahead of expectations. As a result of customer demand and strong forward bookings, the Companyannounces that it will add a new Saturday service between London and New Yorkduring September, October and November 2007, bringing total weekly frequencybetween New York and London to seven flights per week and establishing a dailyschedule. Bill Stockbridge, CEO, MAXjet Airways, Inc commented, "I am pleased to announce that our May 2007 load factors were significantlystronger than expected. In particular, our New York load factors exceeded 80%and we are adding capacity to meet demand. This further confirms that consumershave embraced our low-fare Business Class model between London and cities acrossthe United States." Summary: • 76.9% systemwide load factor in May 2007 • 80.6% load factor on the New York - London route (4,169 revenue passengers) • New Saturday service during September, October and November complements MAXjet's existing service Sundays through Fridays between New York and London • Forward bookings continue stronger than expected For further information, please contact: MAXjet Airways, Inc +1 703 574 6600Bill Stockbridge, CEOJohn Severson, CFOJosh Marks, EVP, Head of Strategy & Route Development Panmure Gordon, Nominated Adviser and Broker +44 207 459 3600Grant HarrisonAndrew PottsChris Bucknall FD +44 207 831 3113Ben FosterCharlie Watenphul ENDS This announcement includes statements that are, or may be deemed to be,"forward-looking statements". These forward-looking statements can be identifiedby the use of forward-looking terminology, including the terms "believes","estimates", "plans", "projects", "anticipates", "expects", "intends", "may","will", or "should" or, in each case, their negative or other variations orcomparable terminology. These forward-looking statements include matters thatare not historical facts and include statements regarding the Company'sintentions, beliefs or targets. By their nature, forward-looking statements involve risk and uncertainty becausethey relate to future events and circumstances. A number of factors could causeactual results and developments to differ materially from those expressed orimplied by the forward-looking statements. Forward-looking statements may andoften do differ materially from actual results. Any forward-looking statementsin this document reflect the Company's view with respect to future events as atthe date of this announcement and are subject to risks relating to future eventsand other risks, uncertainties and assumptions relating to the Company'soperations, results of operations and growth strategy. Save as required by lawor any applicable rule or regulation, the Company undertakes no obligationpublicly to release the results of any revisions to any forward-lookingstatements in this announcement that may occur due to any change in itsexpectations or to reflect events or circumstances after the date of thisannouncement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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