Ailing airline.

Maxjet Airways Inc., an all-business-class airline based in Washington, D.C., is experiencing some turbulence.

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The airline, which in August began offering passenger service between Los Angeles and London's Stansted Airport, recently halted trading of its stock on a submarket of the London Stock Exchange "pending clarification of its financial position." Shares were trading at $1.49.

The airline operates flights between Stansted and three U.S. cities--Los Angeles, New York and Las Vegas. It canceled service from Washington in October. The company reported a loss of $49.5 million in the first six months of this year.

Maxjet last week attempted to reassure customers that the company is just fine, with Chief Executive Bill Stockbridge issuing a statement that said, "We look forward to serving our customers during the busy Christmas season, in 2008 and beyond."