US airline ATA files for bankruptcy
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The tenth-largest US airline, ATA Airlines has filed for bankruptcy protection and sold off airport slots and other assets to AirTran Airways for $ 87.
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ATA Holdings Corp., parent of ATA Airlines, the nation&#39;s 10th-largest carrier, filed for Chapter 11 bankruptcy reorganization yesterday, becoming the third US airline operating under court protection.
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Aloha Airlines becomes the latest US carrier to seek bankruptcy protection, citing escalating fuel costs and tough competition.
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Key to bankruptcy filing is ATAâs plan to sell most of its Chicago Midway operations to AirTran. By Linda Lipp. After months of speculation, ATA Holdings, parent of ATA Airlines, filed for Chapter 11 bankruptcy protection Tuesday.
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Southwest Airlines (LUV:NYSE - news - research) Friday said it will offer more than $100 for certain assets of ATA Holdings&#39; (ATAHQ:Nasdaq - news - research)ATA Airlines in a forthcoming bankruptcy court auction.
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Low-fare airline ATA has announced plans to lay off hundreds of employees and to drop most of its flights out of Midway Airport in Chicago.
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DECEMBER 10, 2004 -- Southwest Airlines this morning said it will submit a bid to the federal bankruptcy court in Indianapolis today for certain assets of bankrupt ATA Airlines.
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US Airways Group headed to bankruptcy court Monday to seek permission to keep flying during its second bankruptcy filing in two years.
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ATA Airlines is laying off 156 employees. Company spokeswoman Erica Keane isn&#39;t commenting on reports that the Indianapolis-based ATA is trying to sell all or part of its holdings.
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US Airways Group Inc. , squeezed severely by low-cost rivals and soaring fuel prices and failing in its drive for new labor concessions, filed for bankruptcy protection on Sunday for the second time in two years.
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A deal to unload its gates at Chicago Midway Airport and two other cities for $87.5 million gives ATA Holdings Corp. a big advantage going into bankruptcy reorganization, experts say, both in negotiating better
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ATA Airlines Inc.&#39;s future will fall to one of three bidders Friday while a fourth contender, America West Airlines canceled its buyout interest Thursday.
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ATA Holdings Corp. ATAH.O, parent  of struggling low-cost carrier ATA Airlines, on Tuesday filed  for Chapter 11 bankruptcy protection as falling fares and  soaring fuel prices drained it of cash.
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US Airways&#39; pilots union said Thursday that the airline plans to file a motion in bankruptcy court on Friday seeking immediate cost reductions, including pay cuts, from US Airways&#39; labor unions.
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ATA Airlines Inc. named its top financial executive to the new position of chief restructuring officer as the Indianapolis carrier appeared closer Monday to filing for Chapter 11 bankruptcy protection, possibly as early as Tuesday.
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US Airways Group Inc. , the nation's seventh-largest airline, filed for Chapter 11 bankruptcy protection yesterday for the second time in two years, after last-ditch negotiations with pilots failed to win the airline the $295 million in pay and benefit cuts it had been seeking.
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ATA Airlines parent ATA Holdings Corp. filed for protection from creditors under Chapter 11 of federal bankruptcy law late Tuesday, and two other airlines immediately showed interest in ATA assets.