Bankrupt Eos Airlines Looks To Quickly Sell Assets

Law360, New York (May 19, 2008, 12:00 AM EDT) -- Bankrupt airline Eos Airlines Inc. has asked the court overseeing its Chapter 11 proceedings to approve its bidding procedures and an auction schedule so that the now-defunct premium airline can sell off its assets as soon as possible.

Eos, which once flew business-class only flights from New York to London, said Friday that it hoped to sell its business to a company interested in restarting the airline or, in the alternative, to sell all of Eos’ “most valuable assets” to one or more buyers.

However, Eos...
To view the full article, register now.