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Whatever Happened To Eastwind Airlines?

JetClipper

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As I was browsing the forums the other day, I saw someone had a model of an Eastwind 737 for sale. I remember reading an article about Eastwind five or so years ago, but it does not appear they are in business any more; does anyone know what happened to them?
 
Numerous reasons why Eastwind is gone with the wind, but the Privately Owned Carrier just ran out of Cash. When they first started, GSO-TTN-BOS things were going well. However as they tried to expand into FLA and then into PHL, they faced many challenges. With their Hub in GSO, they tried many markets only to fail and try something else. Another of the biggest down falls was the addition of the B737-700's into their fleet, the costs just killed them. I could go on, but the lack of a True Business plan or the Failure to follow it ( sounds like a Major Carrier today ) was the begining of the end.
 
I read somewhere that SWA picked up one of the 737-700s tha Eastwind flew. Not sure why they only picked up the one. I know there was at least 2 in the Eastwind fleet.
 

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