Passenger Statistics

RNS Number:6251B
MAXjet Airways Inc.
07 August 2007

7 August 2007


                              MAXJET AIRWAYS INC.
                          ("MAXjet" or the "Company")
                           JULY PASSENGER STATISTICS

MAXjet today announces its passenger statistics for July 2007.

Highlights

  * Systemwide load factor of 75.5% (7,612 revenue passengers) with an
    increase in both month-on-month and year-on-year yields
  * August, September and October forward bookings remain strong
  * JFK Operations relocated to Terminal Four
  * Los Angeles service commences 30 August 2007
  * Chief Marketing Officer hired

July 2007

MAXjet's systemwide load factor in July was 75.5%, a year-over-year increase of
14.3 percentage points and an encouraging performance during a traditionally
slower period for business class travel.  During April, May and June, MAXjet's
systemwide load factors were 75.4%, 76.9% and 83.1% respectively.

Progress on yields continues to be made both year on year and month on month.
Forward bookings also remain strong and the Company looks forward to the launch
of the new Los Angeles route on 30 August.

Key performance indicators for July and the year to date are summarized in the
tables below:

KPIs FOR JULY                              JULY 2007         JULY 2006             Change

Total Seats                                   10,232             9,064                13%

Revenue Passengers                             7,612             5,570                37%

Capacity (ASM 000s)                           40,798            32,307                26%
Capacity (ASK 000s)                           65,658            51,993

Traffic (RPM 000s)                            30,796            19,778                56%
Traffic (RPK 000s)                            49,562            31,830

Revenue Load Factor                            75.5%             61.2%              +14pp

* Includes all scheduled flights marketed by MAXjet Airways

KPIs FOR YEAR TO DATE                   JAN-JUL 2007      JAN-JUL 2006             Change

Total Seats                                   55,492            49,770                11%

Revenue Passengers                            40,738            26,432                54%

Capacity (ASM 000s)                          229,046           175,734                30%
Capacity (ASK 000s)                          368,614           282,816

Traffic (RPM 000s)                           157,202            93,111                69%
Traffic (RPK 000s)                           252,992           149,848

Revenue Load Factor                            68.6%             53.0%              +16pp

* Includes all scheduled flights operated by MAXjet Airways


July On-time Performance

MAXjet's on-time performance for July 2007 was 72.1%. On-time performance in
July was impacted by adverse weather in Washington Dulles and New York JFK, ramp
congestion at Terminal One at JFK and prolonged air-traffic control delays at
JFK airport. On 5 August 2007 MAXjet relocated its operations to Terminal Four
at JFK and expects a subsequent improvement in on-time performance. MAXjet's
year to date flight completions fell in July to 97%. MAXjet had planned for its
fourth aircraft to enter scheduled service during July. This delivery has been
delayed until 13 August as a result of parts availability. The Company therefore
did not have the expected spare capacity available to cope with unplanned
maintenance during July, and furthermore given that one of the Company's other
aircraft is currently undergoing a planned heavy maintenance check, MAXjet
dropped a total of eleven round-trip flights from the schedule in July and
August. All passengers on impacted flights have been offered alternative
itineraries on MAXjet or other airlines, as well as additional compensation.

Chief Marketing Officer

Carol Phelan-Marsh joined MAXjet as Chief Marketing Officer on 23 July 2007.
Ms. Phelan-Marsh has previous experience at E*TRADE Financial, Wells Fargo &
Co., Saatchi & Saatchi and J. Walter Thompson.


For further information, please contact:

MAXjet Airways, Inc                                            [phone]
Bill Stockbridge, CEO
John Severson, CFO
Josh Marks, EVP, Head of Strategy & Route Development

Panmure Gordon, Nominated Adviser and Broker                   [phone]
Grant Harrison
Andrew Potts
Chris Bucknall

FD                                                             [phone]
Ben Foster
Charlie Watenphul



Notes to Editors

MAXjet Airways introduced the affordable all-business class segment, starting
service between London Stansted and New York (JFK) in November 2005.  Since
launching the low-fare all-business class segment MAXjet has carried over 93,000
passengers and introduced new services from London to Washington, Las Vegas and
Los Angeles starting 30 August 2007.

MAXjet offers the amenities of Business Class, including fast check-in security
clearance, departure lounges, padded leather seats with 170 degrees of recline
and 60" seat pitch, gourmet meals and an arrivals facility at Stansted, at fares
comparable to flexible Economy Class.

MAXjet offers convenient flight schedules with evening departures from cities
across the United States and return flights from Stansted that appeal to both
business and leisure passengers.

MAXjet has attracted a customer base of small business, large business and
affluent leisure consumers with significant repeat business and high customer
satisfaction.


ENDS


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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