Another one bites to dust: Eos Airlines

On Sunday April 27th 2008 Eos Airlines, Purchase – New York based business class carrier, declared bankruptcy and stopped operations.
TICKET HOLDERSAll Eos ticket holders can get a special fare of GBP 799 one way fare from Heathrow to JFK, Newark, Boston or Washington on Virgin Atlantic. From US, the airline is offering fare of $1299 [...]

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Oasis Hong Kong Airlines Shuts Down

Asian Carrier, Oasis Hong Kong Airlines, a long-haul low-cost airline based in Hong Kong, canceled all its flights and went into liquidation on April 9th 2008. High jet fuel costs have been attributed as detrimental to its low-cost model.

Facts about the airlines (from here)-

Long haul low-cost airlines based in Hong Kong
It offered premium service and [...]

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Airline Shutting Down: What about my miles?

I saw an article in USA Today which tries to answer the question. The article says, that in some rare cases other airlines can honor the miles, but since most the the airlines that went bankrupt were small, it is most likely that the miles will be of no use. Frequent fliers (or business customers) [...]

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Skyway Airlines Shuts Down!

Skyway Airlines, Miwaukee Wisconsin based US Airlines, that operated as Midwest Connect for Midwest Airlines announced that it has ceased operations starting April 5, 2008.
Facts -

Hub – General Mitchell International Airport
Fleet Size – 16
Fleet – Beechcraft 1900 and Fairchild-Dornier 328JET

Is this the next cycle of downturns for airlines?

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Skybus Shuts Down!

This might be the worst week for airlines, joining Aloha and ATA is Skybus Airlines that announced that is going out of business. It will seek bankruptcy protection next week.
Skybus, the Columbus Ohio based no-frills low cost airline, stopped service today (April 5th 2008).

Facts about Skybus Airlines -

It was a privately-held airline based in Columbus, [...]

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ATA Airlines files for Bankruptcy

ATA Airlines announced today (April 3rd 2008) that it has filed for bankruptcy and discontinued all operations. The airlines suddenly shuts down! This is the second airline this week to go under after Aloha Airlines.
Reason stated -

Loss of key contract for military charter business

Facts about ATA -

ATA was an American low-cost scheduled service and charter [...]

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Air France-KLM pull out of the Alitalia due to Failed Union Agreement

On April 2nd 2008, three hours before the deadline, Air France-KLM ended its efforts to acquire Alitalia due to failure to reach an accord with Alitalia’s trade unions. AF-KLM had submitted its final offer three weeks ago which was contingent on trade unions agreement, arguing that there can be no profitability without union’s support.
Next step [...]

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