Eos files for Chapter 11 April 30th, 2008
Eos, the airline that offered only business class flights has filed for chapter 11 bankruptcy protection. The carrier that operated between London and New York was established on the back of increasing demand for business class travel across the pond. However with increasing operating costs, namely fuel prices, and the impact of the credit crunch it had become increasingly difficult to operate profitably. Taking on Virgin Atlantic and British Airways was never going to be easy and other premium carriers such as Silverjet will hope they do no go the same way.
