Eos files & shuts down

Not at all unexpected, Eos filed for bankruptcy on April 26th, and flew their last flights today.

Like Maxjet, they were trying to fit into a niche where just about every US airline trying the model has failed... all-premium.

Unlike Maxjet, they had the right fleet -- 757-200's outfitted with 48 seats. But the economics just didn't work.

A few months back, a former colleague contacted me about doing some contract work for them. I passed. Had I done the work, I'd probably be an unsecured creditor as well.

In the past weeks, it was said they had new financing lined up. Based on today's shutdown, it appears that financing fell thru, and their private investors decided to call a loss a loss.

April 2008 will no doubt go down as one of the more notorious months in airline history -- this marks the fifth airline bankruptcy and fourth shutdown this month, plus the announced merger of NW & DL, which will no doubt wreak havoc on employees despite assurances to the opposite by both companies management teams.

And there are still three business days left to go...