Eos Airlines Files For Bankruptcy

When MAXJet, one of the airlines doing the London to New York business class flights folded last December I wondered who might be next. Now it seems that the answer is Eos Airlines. The NY Times reports that the company has stopped flights and filed for bankruptcy protection. When MAXJet stopped operations it was Eos that picked up their stranded passengers. Eos ran their final flights on Sunday.

In February, British Airways announced a new business-class service from London to New York. The airline has two Airbus A318 to service the new route, fitting them with lie flat beds for 31 passengers. They will likely be competing against Silverjet, the remaining small carrier doing business flights from London to New York. Eos had offered flights on Boeing 757s reconfigured with 48 seats that turned into flat beds. The flights offered gourmet foods and wines and individual DVD players at the seats for prices ranging from $3,500 to $9,000 roundtrip. The airline was a success but was simply not making enough money and failed to raise a necessary $50 million additional financing to help pay debts.