Eos Airlines Enters Into Term Sheet for $50 Million of Capital

In the face of tight credit markets and an economic environment that has led to several industry failures, Eos Airlines announced today that it has agreed to a term sheet outlining the terms on which Eos will secure an additional $50 million in capital...

Australian Government Pushes Virgin Blue Airlines for Official Use

In order to promote continued competition, the Australian Government is requiring departments and agencies to use Virgin Blue and any other smaller airlines for at least 25 per cent of their total work-related travel on the Canberra-Sydney route.