Trading in the shares of Maxjet Airways, one of the new breed of all-business class long-haul airlines, was suspended on Friday in London, as the US group struggled to put together a financial rescue package.

The airline, which started flying transatlantic services in November 2005 between London Stansted and New York JFK airports, raised net proceeds of £47.3m in an initial public offering in June, becoming the second all-business airline after UK rival Silverjet to list on London’s alternative investment market.