EOS Airlines file for brankruptcy

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EOS Airlines file for brankruptcy

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Message of Spot planes - Sent 27 Apr 18:25

The New York-based business class-only airline says it has filed for Chapter 11 bankruptcy and will cease operations Monday. Associated Press © 2008 PURCHASE, N.Y. April 27, 2008, 01:50 am ET · Eos Airlines has filed for Chapter 11 bankruptcy and will cease operations by Monday, it said Sunday. The business class-only airline is planning to operate its final flights between London's Stansted Airport and New York's Kennedy Airport on Sunday. The Purchase-based company intends to eliminate most of its work force. Chief Executive Officer Jack Williams said in a statement that the challenging economic and credit environment forced the company to file a voluntary petition for Chapter 11 bankruptcy. The airline launched round-trip service for business travelers from New York to London in 2005. It was named after the Greek goddess of the dawn.
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