Unions Won't Take Concessions Again To Help Carrier
Employees at American Airlines say they won't be so willing to
accept steep pay cuts and other concessions, should the Fort
Worth-based airline approach them a second time, hat in hand.
And there was much rejoicing in Houston... but for how long? On
Sunday, Continental Airlines said it had abandoned merger talks
with United Airlines, and declared its intention once again to
remain an independent carrier.
Planned Investment Does Not Close, Carrier 'Forced' to
Wind Down Operations
Eos Airlines, a 'premium class' New York to London carrier has
announced that it has filed a voluntary petition under Chapter 11
of the U.S. Bankruptcy Code. The petition was filed April 26, 2008
in the U.S. Bankruptcy Court in the Southern District of New
York.
“There are times in business when even though you
execute your business plan and even though your employees do their
jobs beautifully, external forces prevent you from controlling your
own destiny."
Source: Jack Williams, CEO, Eos Airlines,
after the 'premium class' New York to London
carrier announced that it has filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code. The petition was filed
April 26, 2008 in the U.S. Bankruptcy Court in the Southern
District of New York.
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