Eos Airlines [SEP] airline hub
Eos Airlines
Eos Airlines, Inc. was an American all-business class airline headquartered in Purchase, New York, with its flights from John F. Kennedy International Airport, New York. On 26 April 2008 Eos Airlines announced its plans to file bankruptcy on its web site, announcing it would cease passenger operations after April 27.
History.
The airline was founded in 2004 by Dave Spurlock, a former director of strategy at British Airways. The company was initially named Atlantic Express and changed its name to Eos in 2005
of return of 55% on its investment. Unlike Carl Icahn's hostile takeover of TWA in 1985., Bonderman and Texas Pacific Group were widely hailed as saviors of the airline, marking the change in tone from the 1980s. The buyout of Continental Airlines would
be one of the few successes for the private equity industry which has suffered several major failures, including the 2008 bankruptcies of ATA Airlines, Aloha Airlines and Eos Airlines.
Among the most notable buyouts of the mid-to-late 1990s included: Duane