Apr 27th, 2008 at 5:00PM: Eos Airlines filed for bankruptcy in the New York courts yesterday. This puts two of the three startup all-business class carriers out of business in the last four months (MaxJet folded in December), leaving Silverjet the only remaining contender. At least they tried to run a few flights after officially shutting down operations. Several flights between JFK and Stansted ran today in an attempt to ...Click on a label to read posts from that part of the world.
bankruptcy posts
Eos Airlines files for bankruptcy
Apr 27th, 2008 at 5:00PM: Eos Airlines filed for bankruptcy in the New York courts yesterday. This puts two of the three startup all-business class carriers out of business in the last four months (MaxJet folded in December), leaving Silverjet the only remaining contender. At least they tried to run a few flights after officially shutting down operations. Several flights between JFK and Stansted ran today in an attempt to ...So long, Oasis Hong Kong
Apr 11th, 2008 at 11:00AM: The Low Cost Carrier massacre continues, with the newest victim being one of the first budget long-haul, international airlines. Oasis Hong Kong was founded in February of 2005 with the idea that competitive fares on the Hong Kong - Vancouver and Hong Kong - London routes would make a killing for the company. I remember the glee of shopping around for super cheap 150£ budget tickets between ...Frontier Airlines goes BANKRUPT
Apr 11th, 2008 at 10:00AM: Low Cost Carrier Frontier Airlines (F9) filed for Chapter 11 bankruptcy protection yesterday, citing an issue with their credit card processing company, the current financial market and jet fuel as their detriments. Apparently, the company that processes all of their credit card transactions announced that they were taking a bigger cut out of all of their sales which would drastically affect the ...Skybus may return again: Some ideas for making a go of it
Apr 9th, 2008 at 9:00PM: Like a Phoenix rising from the ashes, so might Skybus. Yesterday, there were several stories about the possibility of Skybus Airlines' return. The first story I heard was on the radio. Next came the nightly news. According to the stories, John Weikle, the airline's founder, said he's been working out ways to bring it back.
Weikle pointed to Allegiant Air as an indication that no-frills airlines ...Skybus goes bankrupt!
Apr 4th, 2008 at 11:45PM: Skybus just announced that they're ceasing all operations and have declared bankruptcy. According to their website, they'll continue to close out flights today, but after that all bets are off. Being as it's 11:30 at the time of writing, I think that it's safe to say nobody else will be flying Skybus. According to the new modified website "Passengers holding reservations for Skybus flights ...ATA files for bankruptcy, ceases all operations
Apr 3rd, 2008 at 10:00AM: Passengers flying on ATA Airlines today are in for a surprise when they get to the airport. This morning, with practically no advance notice, the Indianapolis-based airline announced that they had declared bankruptcy, canceled all flights and ceased operations. The cause of their collapse, in addition to the obvious stratospheric jet fuel prices, was in the loss of a key military contract that ...Aloha Airlines files for Chapter 11 bankruptcy
Mar 21st, 2008 at 6:30PM: It looks like oil has taken its latest victim in the airline industry: Aloha Airlines just announced that they're applying for Chapter 11 bankruptcy. Citing outrageous oil prices and "predatory" competition of inter-island carrier "go!", the Hawaiian airline is now seeking financing to keep operations and logistics going while they reorganize. I'm not too sure what the history is between Aloha ...We Hope NWA Treats Its Passengers Better...
Jan 24th, 2007 at 2:13PM: CNN Money ran it's 101 Dumbest Moments in Business site again this year. #2 was unbelievable. Apparently, just before laying off 4000+ more workers mid-last-year during its bankruptcy, Northwest Airlines handed out to its employees a guide for saving money: 101 Ways to Save Money.
The guide had in it suggestions such as #46 "don't be shy about pulling something you like out of the trash." Or, ...
