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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...
Skybus airlines joined the trend set by Aloha and Sun County Airlines by shutting down this week. Skybus have struggled to overcome the combination of rising jet fuel costs and a slowing economic environment. These two issues proved to be insurmountable...