“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.