Eos Airlines Joins the Bankruptcy Party
Why should domestics carriers get all the press? Eos Airlines--which kicked it biz class between NYC and London--made its final two flights Sunday. All future flights were canceled.
Leave it to a carrier that hypes how exclusive it is to leave passengers so royally screwed. Silverjet has stepped in to help out--and, the competitor undoubtedly hopes, earn some new customers. The only remaining biz class carrier still doing NYC-London will fly stranded passengers home for the same price they paid on Eos.
Interestingly, now-bankrupt Eos just sent out an email last week announcing:
Now we have a term sheet with a current investor for the financing needed to take us to corporate profitability in 2009.
Seems that deal wasn't as done as anyone expected. The carrier even addressed its deal-making trouble in its final press release:
It is regrettable that, even though investors continue to be enthusiastic about our business model, and even though we had a term sheet in hand, we were unable to close on the financing we needed.
Your move, Silverjet.
Related Stories:
· Eos Airlines [Official Site]
· Silverjet's Eos Customer Offer [Official Site]
· All Business Class Carriers coverage [Jaunted]
· Airline Bankruptcy coverage [Jaunted]
[Photo: Vidiot]
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