Another one gone: Eos Airlines goes out of business

After filing for bankruptcy over the weekend, Eos ceased operations on April 28.

The business-class-only airline, which operated transatlantic flights linking New York and London Stansted, announced on April 19 that the airline was to receive $50 million in financing from an existing investor, but the deal fell through. Eos said last week that the money would help Eos become profitable in 2009.

Eos has $70 million in assets and owes $34.9 million, according to Chapter 11 filing documents. Servisair, a ground service provider at airports, holds the largest unsecured claim against Eos, $744,000. Delta, United and Mexicana also are creditors.

Eos' demise follows the December liquidation of Maxjet, a carrier that also operated premium-only, transatlantic flights.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll


  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."


TW Index: Most Active Stocks

Latest Top News:
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics