All-business class airlines files for bankruptcy protection and ceases operations today

The second business-class airline in less than 4 months - rival Maxjet went bust at Christmas - gives up the fight to stay live. After an aggressive attempt to raise more cash to keep the airline afloat, chief executive, Jack Williams says, it will "cease operations immediately."

EOS Goes BustWe wrote about EOS in March when they announced the launch of their Un-Airline Magazine, written almost exclusively by guests. EOS didn't have passengers like other airlines - just guests. Their luxury-fitted planes were large enough for 200 people, but only 48 guests were invited on any given flight.

The extra leg room sounds good for passengers, but apparently not good for business. Eos's last flight took off at 6:30 pm yesterday from Stansted to JFK on the same route the airline has owned for almost 2 years.

"It is regrettable that, even though investors continue to be enthusiastic about our business model, we were unable to close on the financing we needed," Williams told a press conference. "That leaves us with insufficient cash on hand to continue operations."

If you have a flight booked with EOS, contact your credit card company or your travel agent for a refund. EOS will not be paying refunds, so save yourself the frustration of contacting them. Silverjet, the Luton-based carrier will do everything it can to help jilted EOS passengers get where they need to go.

Got a flight booked with EOS? Have you rebooked with Silverjet already?