MAXjet Continues Growth; All-Business-Class Carrier Acquires Aircraft, Reports Growth and Adds Frequencies

WASHINGTON--(BUSINESS WIRE)--June 20, 2006--MAXjet Airways, the industry's first low-fare, all-business-class transatlantic airline, announced today the delivery of its third aircraft as it continues its commitment to bring lower business class fares to a broader segment of key business cities. This third aircraft will allow increased frequencies on existing routes as well as development of new service.

In May, the airline carried approximately 3,950 passengers from New York to London Stansted, reaching an average load factor of 72 percent. Recent CAA statistics state that 5,500 people travelled between JFK and Stansted in May. MAXjet carried over 70 percent of this traffic and expects strong performance to continue this summer.

With almost 100 million US dollars in financing to date, confidence high and loads already significantly stronger than the Stansted competition, the airline is currently negotiating for its fourth and fifth aircraft.

"Our performance in New York shows we are the preferred transatlantic airline to London Stansted," said Gary Rogliano, MAXjet CEO. "We are also pleased with the performance of our Washington service. With the delivery of our fourth aircraft this year, we are planning to add a new US city to London Stansted, which we will announce in the near future."

In addition to the scheduled routes, MAXjet's VIP charter business continues to grow. The airline's unique intercontinental, widebody charters offer the luxurious amenities of its scheduled service on private trips for sports teams, major corporations, government entities and high-end travel groups. In addition the company has signed over 30 sales contracts with reputable US and UK institutions. In both the scheduled and charter passenger business customer satisfaction is continually monitored and the comfort, service and crew consistently rate highly -- 98 percent of passengers said they would recommend MAXjet to others.

The Washington D.C. to London Stansted route, which began on April 5, has been successful. In May, MAXjet carried approximately 1,600 passengers between Washington Dulles and London Stansted. Due to increasing demand, on June 29, MAXjet will increase its Washington service to five weekly flights with the addition of a Thursday departure.

For the convenience of its customers, MAXjet is currently negotiating packaged fares that will allow simultaneous booking of air and hotel rooms.

MAXjet is currently offering an autumn fare sale of only $1,199(a) roundtrip from either New York or Washington to London Stansted for travel between September 15 and November 10. Reservations must be booked by July 14.

About MAXjet Airways

Washington-Dulles-based MAXjet is a low-fare all-business-class transatlantic airline dedicated to bringing greater value to the intercontinental market by connecting key business cities with a high-quality, low-fare business-class product. MAXjet operates Boeing 767s configured with just 102 spacious seats with 60-inch pitch that recline almost flat. The extra space greatly increases legroom for each of its passengers who may select either a window or aisle, as there are no middle seats. The airline offers low fares, even for last-minute passengers. Service includes business class leather seats and the traditional amenities of the largest carriers, such as pre-departure beverages, multi-course meals, a Chef's Pantry, premium liquor, boutique wines, travel amenities, duty free and much more.

In February 2006, MAXjet launched its customer appreciation program called MAXflier, a simple customer-friendly loyalty scheme for MAXjet customers who choose to fly regularly with the airline. Customers who have 'banked' enough currency will be able to obtain a free flight. There are no blackout dates, no Saturday night stay requirement or any other limitations often attached to other reward travel. Further details can be obtained at www.maxjet.com.

(a) Fares displayed are roundtrip and include all taxes and fees. Reservations must be made between June 12, 2006 and July 14, 2006 for travel between September 15, 2006 and November 10, 2006. Seats are limited and certain flights may be sold out due to demand. Tickets must be purchased instantly. Tickets are non-transferable, non-refundable, but may be reissued for a $100 change fee plus any applicable difference in fare, provided that the change is made prior to the departure date. Bookings must be made at www.maxjet.com using Promo Code FALL06 or any other advertised code. Schedules are subject to change without notice.