Perhaps as a "start-up" ourselves, it is with added sadness that we read about good ideas that come to an end. On Sunday, Eos Airlines filed for bankruptcy after 3 years of service and $200M+ in equity capital raised. Its final flights operated today, Sunday.
Most of the country has probably never heard of Eos, mainly because it had a very focused, niche business model. The airline’s concept was to turn a Boeing 757 — which most commercial airlines fill with over 200 passengers — into a jet for just 48 business travelers who would fly from New York to London in style. One class. One round-trip route. It seemed like a good idea.
If you’re interested, you can read the full story here…
April 27, 2008
Leisure