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Elite Airline Files for Chapter 11

by WNYC Newsroom

NEW YORK, NY April 28, 2008 —The business class-only Eos Airlines has filed for Chapter 11 bankruptcy and is ceasing operations as of today.

The New York-based airline operated its final flights between London and JFK yesterday. Eos will eliminate most of its work force.

CEO Jack Williams says in a statement that the "challenging economic and credit environment" forced the company to file a voluntary petition for Chapter 11 bankruptcy.


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