MAXjet appoints new CEO

The MAXjet Board of Directors has appointed William D. Stockbridge as President and CEO of the company.Bill has served as Chairman of MAXjet since 2004 and assumes his CEO duties effective today. He replaces Gary Rogliano, who has left the company to pursue other opportunities.

Bill Stockbridge has been closely involved with MAXjet, the industry’s first low-fare, all-business-class transatlantic airline, since its conception in November 2003. As Chairman of its Board, he was instrumental in the airline’s certification, development of its unique business plan, financings and aircraft acquisition.

“As Chairman and a frequent MAXjet passenger, I have had the opportunity to watch MAXjet grow from an idea on paper to a successful transatlantic airline,” said Stockbridge. “I would like to thank Gary and the MAXjet team for their hard work and dedication. I will work closely with our team to accelerate MAXjet’s expansion. Our new Las Vegas service has been a strong success. We take delivery of additional aircraft in early 2007 and we look forward to announcing new routes shortly.”

Bill Stockbridge brings decades of airline experience to his new duties as CEO. Most recently he served as Chief Executive Officer of Centurion Air Cargo. He also founded Gemini Air Cargo and served as its President and CEO. For Gemini, Bill raised $100 million in start up capital from a prominent investment bank and $130 million of additional growth capital and secured debt. Gemini raised a further $170 million in 2000 for aircraft acquisition and expansion. Before founding Gemini, Bill served as President and CEO of Potomac Capital Investment Corporation, Potomac Capital Leasing Group, an aircraft leasing company with $1.4 billion of assets, as well as Senior Vice President and Chief Operating Officer of Presidential Airways, a scheduled US passenger airline. He is a licensed aircraft engineer and pilot.

To facilitate the new role, Richard Sharp, who is currently a member of the MAXjet Board and a major investor, will take over Bill’s role as Chairman. Richard gained his business experience building well known US companies such as Carmax, Circuit City, Crocs and Flextronics.