All -premium carrier Maxjet Airways ceased operations on 24 December and filed for Chapter 11 bankruptcy protection after failing to finalize a new round of financing.
“With today’s fuel prices and the resulting impact on the credit climate for airlines, we are forced to take this drastic measure,” the carrier says in a statement. […]

The UK is to dramatically increase the number of ramp checks it makes on foreign aircraft - to 600 in 2008 and 1,000 by 2009, compared with just 193 in 2006….

The airline insurance market looks set to make its first loss since 2000, with 2007 hull losses likely to outstrip premiums. An Aon insurance forecast based on 85% of 2007’s activity suggests that the total hull and liability premium in the market will be around $1.46bn, but the claims will be at least $1.53bn.
Despite […]

UK charter carrier Astraeus has rolled out the specially painted Boeing 757-200 that will be used for heavy-metal rock group Iron Maiden’s 2008 world tour. The band’s lead singer, Bruce Dickinson, is a captain with Astraeus.
Iron’s Maiden’s “Somewhere Back in TIme” tour will begin in Mumbai, India in February 2008, with the North American […]