Maxjet filed for bankruptcy as it failed to juggle with increasing fuel costs and competition from specialist and main carriers. The all-business-class airline that was flying out of Standsted is no more.
Goes to show that innovative ideas and cheap prices are not enough to keep you afloat. Sound business decision making costs at an absolute minimum are the way forward in the airline business.
The two companies benefiting from MaxJet's fall are EOS and Silverjet that are still exploring the business class only niche.