Eos Airlines files for bankruptcy

From Wikinews, the free news source you can write!

Monday, April 28, 2008

United States

Other stories from United States

• 10 December 2009: 'World' stops turning for longest-running US soap opera
• 9 December 2009: Brown, Coakley win Massachusetts Senate seat primaries amid low voter turnout
• 8 December 2009: Walt Disney World twinned with Swindon, England
• 7 December 2009: Find me all the red balloons; MIT wins DARPA challenge
• 6 December 2009: Obama delays arrival to Copenhagen summit by one week

...More articles here

Location of United States

To write, edit, start or view other articles on United States, see the United States Portal

All-business transatlantic company Eos Airlines has filed for Chapter 11 bankruptcy protection. The United States based company ran flights between London Stansted Airport and New York's John F. Kennedy International Airport.

Eos, named after Greek goddess of the dawn, flew what will likely be its last service on Sunday. Founded in 2005, the airline had had difficulty in securing investment to keep it going, starting last year. Plans had been aiming for securing funding to keep the service running up until 2009, but this failed and the business has insufficient funds to continue.

Several other airlines have closed worldwide recently over difficult conditions in the industry, including all-business carriers like Eos. Last year the sudden collapse of MAXjet Airways left passengers stranded on Christmas Eve. The company offered services connecting London with New York, Los Angeles and Las Vegas. Eos had been considered by analysts as the most viable of the transatlantic all-business carriers.

Sources

• "Last Dawn For Eos Airlines". Forbes, April 27, 2008
• "UPDATE: Eos Airlines, All-business Carrier, Will Close Operations". CNN, April 27, 2008
  

Share this:

This page is archived, and is no longer publicly editable. Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators. Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections. Note that some listed sources or external links may no longer be available online due to age.