Maxjet extends auction bid deadline

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Grounded all-premium transatlantic carrier Maxjet has extended to 27 February the deadline for interested parties to submit qualified bids for the company.

Maxjet last December discontinued operations and filed for Chapter 11 bankruptcy protection after discussions to secure new financing failed.

The carrier at the start of this month began a US bankruptcy court-approved bidding procedure for parts or all of the business. The deadline for qualified bids was originally set for 13 February, but this has been extended until 27 February.

Maxjet reaffirms it will continue to explore a number of options, including plans that could lead to its emerging from Chapter 11, until the close of the auction.


Source: flightglobal.com's sister premium news site Air Transport Intelligence news