Eos Airlines files for bankruptcy

April 28, 2008

All-business transatlantic company has filed for  bankruptcy protection. The United States based company ran flights between London and New York's.

Eos, named after Greek, flew what will likely be its last service on Sunday. Founded in 2005, the airline had had difficulty in securing investment to keep it going, starting last year. Plans had been aiming for securing funding to keep the service running up until 2009, but this failed and the business has insufficient funds to continue.

Several other airlines have closed worldwide recently over difficult conditions in the industry, including all-business carriers like Eos. Last year the sudden collapse of left passengers stranded on Christmas Eve. The company offered services connecting London with New York, and. Eos had been considered by analysts as the most viable of the transatlantic all-business carriers.