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Another one bites the dust

CaptBud330

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PURCHASE, N.Y. - Eos Airlines has filed for Chapter 11 bankruptcy and will cease operations by Monday, it said Sunday.
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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.
 
Good. Hopefully those displaced find better jobs, and the price of fuel goes down due to a lower demand!
 

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