MAXjet has maintained the ability to resume charter operations and was auctioned by the US Bankruptcy Court in March, a bid won by Kevin Clark, CEO of NCA Sports Group Inc, a one-stop travel service for US university and professional sports programmes and their fans.

Clark will invest at least $1.63m (£830k) to cover costs connected to the sale of assets and as consideration for the majority of the assets of MAXjet. Following the closing, MAXjet’s remaining assets will include two aircraft engines which are currently being marketed and other sundry assets which are in process of being realised.

MAXjet will realise no profits from the sale of assets or operations, the proceeds of which will be applied to administrative costs of the bankruptcy case and the debts of MAXjet Airways, Inc. No proceeds are expected to be available for distribution to shareholders.

“I am looking forward to adding MAXjet to the NCA Sports Group family,” said Clark at the time of the bid.

“In its two plus years of operation, MAXjet offered travellers from 67 countries around the globe award-winning service. We believe it’s time for a smart luxury charter service that combines comfort, value and flexibility.”

The sale was due to proceed on April 23 had all US government approvals been in place and other conditions to closing met. Not all were, so it is now expected that the transaction will close by the end of June.



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