PRE-CLOSE TRADING UPDATE

RNS Number:4186A
MAXjet Airways Inc.
18 July 2007



18 July 2007



                              MAXJET AIRWAYS, INC.

                          ("MAXjet" or the "Company")

         JUNE PASSENGER STATISTICS AND PRE-CLOSE PERIOD TRADING UPDATE



MAXjet today announces its passenger statistics for June 2007 and a trading
update in advance of its close period for the half year to 30 June 2007. MAXjet
intends to announce the Company's interim results on Tuesday, 18 September 2007.



Highlights

  * Record systemwide load factor of 83.1% in June with increased
    month-on-month yields
  * Half-year revenues to June 2007 expected to be no less than $27 million
    (H1 2006 revenue $16 million)
  * Strong August, September and October forward bookings
  * MAXjet ranked #2 International Airline by Travel & Leisure Magazine



June 2007 and Year to Date Performance



MAXjet's systemwide load factor rose to 83.1% in June, a year-over-year increase
of 18.7 percentage points.  During April, May and June, MAXjet's systemwide load
factors were 75.4%, 76.9% and 83.1% respectively. During the second quarter of
2007 MAXjet's systemwide load factor was 78.7%, a 20.7 percentage point increase
over the same period in 2006.



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


KPIS FOR JUNE*                         June 2007      June 2006    Change

Total Seats                            9,656          8,492        +14%

Revenue Passengers                     7,967          5,493        +45%

Capacity (ASM 000s)                    38,652         30,216       +28%
Capacity (ASK 000s)                    62,205         48,627

Traffic (RPM 000s)                     32,103         19,464       +65%
Traffic (RPK 000s)                     51,665         31,324

Revenue Load Factor                    83.1%          64.4%        +18.7pp

* Includes all scheduled flights marketed by MAXjet Airways

KPIS FOR YEAR TO DATE*                1H 2007        1H 2006       Change

Total Seats                           45,260         40,706        +11%

Revenue Passengers                    33,126         20,862        +59%

Capacity (ASM 000s)                   188,248        143,427       +31%
Capacity (ASK 000s)                   302,956        230,917

Traffic (RPM 000s)                    126,405        73,333        +72%
Traffic (RPK 000s)                    203,430        118,066

Revenue Load Factor                   67.1%          51.1%         +16pp

* Includes all scheduled flights marketed by MAXjet Airways



In the future, preliminary traffic announcements will be issued on the fifth
business day of each month.



Q2 On-time Performance



MAXjet's on-time performance for the second quarter was 74% and year to date
flight completions remain strong at 98.1%. On-time performance in the second
quarter was impacted by adverse weather in Washington and New York and prolonged
air-traffic control delays at New York's JFK airport.



Trading Update



The Company expects that revenues for the first half of the financial year to 30
June 2007 will be no less than $27 million (H1 2006 $16 million).



Systemwide load factors increased during the first half of 2007, from 47% in
January to 83.1% in June. This increase reflects increasing volumes of business
and leisure traffic across MAXjet's network, repeat business and development of
the Company's brand.



Yields have strengthened year over year to the end of June. Based on forward
bookings the Board is optimistic that year-over-year improvements in yields will
continue.



During the half year period, MAXjet announced new weekly frequencies between
Stansted and both Las Vegas and New York following strong performances and
forward bookings on these routes.  Services between London Stansted and Las
Vegas will increase to four times weekly (Mondays, Thursdays, Saturdays and
Sundays) on 2 September 2007.  Service between London Stansted and New York JFK
will increase to daily (from six times weekly) on 20 October 2007.



MAXjet intends to introduce a service between London Stansted and Los Angeles
(LAX) on 30 August 2007 with four, weekly round-trip flights. MAXjet expects to
be in a position to announce further schedule increases from London Stansted to
US by the end of September. Schedule additions may include new routes or
additional frequencies on existing routes.



MAXjet raised #50.5 million before expenses and was admitted to AIM in June
2007.  The Company retired all long-term debt after the offering.  MAXjet is
completing overhaul and induction procedures on its fourth and fifth aircraft
and expects both aircraft to be operational before the commencement of the Los
Angeles route.



The Company has entered the summer holiday season (which is a slower period for
the business class segment as a whole) with strong momentum. Bookings on new
frequencies to Las Vegas and Los Angeles continue ahead of expectations. Overall
systemwide bookings for the third and fourth quarters remain consistent with
management expectations.



MAXjet Ranked #2 International Airline by Travel & Leisure Magazine



Readers of Travel & Leisure magazine rated MAXjet the second-best international
airline in the magazine's influential 2007 survey.  MAXjet ranked ahead of
service leaders Emirates, Cathay Pacific, and Virgin Atlantic, and second only
to perennial winner Singapore Airlines.  Travel & Leisure tabulated subscriber
votes in the first quarter of 2007, with voters ranking airlines on cabin
comfort, food, in-flight service, customer service and value.



Bill Stockbridge, CEO of MAXjet commented:


"Passenger load factors, yields and forward bookings continue to be strong
across our markets, We are particularly pleased with our continued strength in
New York and Las Vegas, where we are adding capacity to meet demand and early
demand for our LA service is very encouraging. This systemwide performance
validates our value proposition and network strategy."







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.











This news release contains statements of a forward-looking nature relating to
future events or financial results of MAXjet Airways, Inc. Readers are cautioned
that such statements are only predictions and actual events or results may
differ materially. In evaluating such statements, investors should specifically
consider the various factors that could cause actual events or results to differ
materially from those indicated from such forward-looking statements. These
include:  the ability to obtain additional financing or refinancing as may be
required; the ability to achieve and maintain profitable operations; the ability
to attract new customers; the ability to successfully implement our business
strategy; the ability to commence service in new markets on a timely basis and
to ramp usage by customers in accordance with our expectations; and significant
competition.



ENDS


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

TSTSFDFWWSWSEIW