Judge OKs Eos Asset Auction

Law360, New York (May 23, 2008, 12:00 AM EDT) -- Eos Airlines Inc. moved one step closer to exiting Chapter 11 Thursday when a judge approved the defunct business-class carrier's proposed bidding procedures for the sale of its assets, setting the stage for a June 9 auction.

Judge Adlai S. Hardin Jr. of the U.S. Bankruptcy Court for the Southern District of New York approved Eos' proposed plan for the sale of all of its assets after a hearing. He also approved the debtor's separate proposed procedures for the liquidation of any asset sold for under...
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