Administrators from Menzies Corporate Restructuring brought in to handle UK
activities for the stricken airline
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Partners from Menzies Corporate Restructuring have been appointed as joint
administrators at Eos, the airline which is currently embroiled in a Chapter 11
case.
Geoff Bouchier and John Norris will be spearheading UK efforts to find buyers
for the business or assets of Eos, which has taken steps to protect itself from
creditors by filing a Chapter 11 petition in New York.
Eos Airlines ceased operations on 27 April after filing for Chapter 11 under
the US Bankruptcy Code the previous day. The Code effectively shields troubled
companies by stopping their creditors from taking certain actions related to
debts that may have been owing prior to the commencement of the bankruptcy
cases.
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