Airline News

Eos Airlines, which offers business class flights between New York and London, said it has filed for Chapter 11 bankruptcy protection, becoming the latest carrier to fail in the face of record fuel prices and a softening economy.

reuters.com

Labels: bankrupt, eos airlines

Oasis Hong Kong Airlines, a long-haul budget carrier that tried to offer premium service and spacious seats at low prices, suddenly went into liquidation Wednesday and canceled all flights, the fourth budget carrier to halt operations in the past week and a half.

iht.com

Labels: bankrupt, oasis hong kong

Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said.

afp.google.com

Labels: bankrupt, Maxjet

Delta Air Lines emerged from bankruptcy protection on Monday after 19 months, with newly issued shares expected to begin regular trading from 3 May.

bbc.co.uk

Labels: bankrupt, Delta, exit

FlyMe (Fly Me Sweden AB), low cost airline from Sweden, has filed for bankruptcy. The Gothenburg based airline announced that it would file for bankruptcy on 2 March 2007, and all flights have been cancelled.

Labels: bankrupt, flyme, low cost airline, sweden

Delta Airlines has said that it expects to emerge from bankruptcy by late April and would operate with a profit this year.

bbc.co.uk

Labels: bankrupt, Delta, profit