Passenger Stats

RNS Number:4497D
MAXjet Airways Inc.
07 September 2007



7 September 2007



                              MAXJET AIRWAYS INC.

                          ("MAXjet" or the "Company")

                          AUGUST PASSENGER STATISTICS



MAXjet today announces its passenger statistics for August 2007.



Highlights

  * Systemwide load factor of 76.4% (7,580 revenue passengers), a 23
    percentage point increase year-on-year
  * Successful launch of new Los Angeles service
  * Increased Las Vegas frequencies to four weekly
  * Fourth aircraft entered revenue service
  * Improved on-time performance
  * Increased diversification of route network
  * 100,000th revenue passenger



August 2007



MAXjet's systemwide load factor in August was 76.4%, a year-over-year increase
of 23 percentage points, exhibiting strength during a traditionally slower
period for business class travel.  The yield environment continues to remain
favourable. During May, June, and July, MAXjet's systemwide load factors were
76.9%, 83.1% and 75.5% respectively. Revenue passenger kilometers increased 102%
year-over-year on a 40% increase in capacity.



Increases in scheduled operations result in a planned 59% increase in unit
capacity (measured in available seat miles) in September versus August.  This
results from the introduction of new Los Angeles service and Las Vegas
frequencies.  MAXjet therefore expects its systemwide load factor in September
to be lower than in August. Forward bookings continue to be strong including
those on the Company's new fourth weekly frequency to Las Vegas which commenced
on 2 September.



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


KPIs FOR AUGUST                             AUG 07                AUG 06             Change

Total Seats                                 10,092                 8,264                23%

Revenue Passengers                           7,580                 4,391                73%

Capacity (ASM 000s)                         40,968                29,340                40%
Capacity (ASK 000s)                         65,932                47,218

Traffic (RPM 000s)                          31,284                15,464               102%
Traffic (RPK 000s)                          50,348                24,887

Revenue Load Factor                          76.4%                 52.7%              +23pp

* Includes all scheduled flights marketed by MAXjet Airways

KPIs FOR YEAR TO DATE                   JAN-AUG 07            JAN-AUG 06             Change

Total Seats                                 67,524                58,034                16%

Revenue Passengers                          46,378                30,823                50%

Capacity (ASM 000s)                        270,012               205,074                32%
Capacity (ASK 000s)                        434,542               330,034

Traffic (RPM 000s)                         188,485               108,575                74%
Traffic (RPK 000s)                         303,337               174,735

Revenue Load Factor                          69.8%                 52.9%              +17pp

* Includes all scheduled flights operated by MAXjet Airways





August On-time Performance



MAXjet's on-time performance for August 2007 increased 7.1pp to 79.2%. On-time
performance in August was impacted by adverse weather in Washington and New York
as well as prolonged air-traffic control delays in New York. MAXjet's year to
date flight completions are 95.8%. The first revenue flight on MAXjet's fourth
aircraft was 20 August 2007.



Network Scope



New services from London Stansted to Los Angeles and Las Vegas reduce MAXjet's
economic risk in individual markets, continuing the directors' strategy of
network diversification.



During September, 33% of MAXjet's scheduled departures will be between London
and New York, with 22% between London and each of Washington, Las Vegas and Los
Angeles.



On an available seat mile basis, 26% of MAXjet's scheduled capacity is planned
between London and New York, with 18%, 28% and 29% between London and
Washington, Las Vegas and Los Angeles respectively.


September Weekly Departures

(All figures weekly)          Departures        % Deps      ASMs (000s)        % ASMs
New York - London (a)                 12           33%            3,915           26%
Washington - London                    8           22%            2,720           18%
Las Vegas - London                     8           22%            4,270           28%
Los Angeles - London                   8           22%            4,367           29%
Total                                 36          100%           15,273          100%

(a) Service to New York increases to daily on 20 October 2007



100,000th Passenger



During August 2007 MAXjet carried its 100,000th revenue passenger, confirming
the airline's position as the leader in the all Business Class sector.



First Half Announcement



MAXjet will announce its interim results for the half year to 30 June on 18
September 2007.





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
100,000 revenue passengers and introduced new services from London to
Washington, Las Vegas and Los Angeles.



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
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