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ILA 2008: Court approves EOS auction

A US bankruptcy court approved an auction for the sale of premium carrier Eos Airlines and its assets.

The carrier filed for Chapter 11 bankruptcy protection on April 26 after a potential capital injection never materialised. Eos ceased operations shortly after its filing.
Eos flew Boeing 757s in a 48-seat configuration from London Stansted to New York and was preparing to launch new service to Newark and Dubai.

A deadline of tomorrow has been set for bid submissions for the assets, followed by an auction on June 9.

Eos says it hopes to sell the business to a party interested in restarting the carrier, or sell all of its most valuable assets to one or more purchasers.

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This entry was posted on Tuesday, May 27th, 2008 at 3:00 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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