PURCHASE, N.Y., April 19 /PRNewswire/ — In the face of tight credit markets and an economic environment that has led to several industry failures, Eos Airlines, the premium New York to London carrier known for its operational excellence and uncrowded Guest experience, announced today that it has agreed to a term sheet outlining the terms on which Eos will secure an additional $50 million in capital from a current investor. The transaction, which is scheduled to close May 1, 2008, underscores confidence in Eos’ proven business model built around an entirely new class of air travel.
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“When we closed on our last round of financing, we were clear that we would need to raise additional capital,” said Jack Williams, Eos President and CEO. “Our success - in the face of this extremely challenging economic and credit environment - shows that investors continue to be enthusiastic about our business model.
“At a time when much of the airline industry is mired in misery, we have provided outstanding service and shown an uncompromising commitment to quality. We’ve achieved an extremely high level of satisfaction among our Guests, many of whom have personally embraced the company and become our de facto ambassadors. We have the most efficient business model, our flight loads have increased and our revenues have risen consistently.
“Now we have a term sheet with a current investor for the financing needed to take us to corporate profitability in 2009.
“I want to take this opportunity to express my appreciation to our dedicated employees, who come to work each and every day with the goal of transporting our Guests - literally and figuratively - and who have made our success possible.”
The Eos Class experience is so far beyond traditional airline service that it is “unairline.” Eos flies the world’s only fleet of Boeing 757s outfitted for just 48 Guests and provides door-to-door, stress-free, seamless travel. Currently operating up to 44 flights a week between New York JFK and London Stansted, Eos recently announced new routes between Newark/Stansted and London/Dubai for 2008. The company also recently introduced a lifestyle magazine, Eos Class, a fresh and modern tasting menu and significant upgrades to their loyalty program, Club 48.
About Eos
Eos provides single-class premium service in a class by itself - “Eos Class.” Eos was named 2007 “Best Long-Haul Business Airline” at the Business Travel World Awards based on the strength of its dedicated employees, operational excellence and “uncrowded” Guest experience. Eos flies the world’s only 757s outfitted with just 48 “suites,” each of which houses an award- winning 6′6″ fully-horizontal flat-bed and provides 21 square feet of personal space with unobstructed aisle access for every Guest. Eos offers up to 44 flights per week between New York’s JFK Airport and London’s Stansted Airport and recently announced flights from Newark, N.J. beginning May (tickets on sale now) plus service from London to Dubai commencing July. Eos takes responsibility for the complete end-to-end experience of its Guests. For more information, visit or call (800) 598-2169.

Eos Airlines