May 16, 2008
Eos Airlines said on Friday it has asked a US bankruptcy court to approve a schedule for the auction and sale of the company and its assets.
Eos, a business class New York-to-London carrier, filed for Chapter 11 bankruptcy on April 26, the latest airline to fail amid record fuel prices and a weakening US economy.
Six airlines have filed for bankruptcy in the past five months.
Eos said it hopes to sell its business to a party interested in restarting Eos as a going concern, or to sell all of Eos' most valuable assets to one or more purchasers.
(Reuters)