ATA Airlines files for Chapter 11
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ATA Holdings Corp., parent of struggling low-cost carrier ATA Airlines, said Monday it filed for Chapter 11 bankruptcy protection.
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SAN FRANCISCO (CBS.MW) -- ATA Holdings, the bankrupt parent of ATA Airlines, took a key step Thursday toward salvaging more of its struggling operations.
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Add another US air carrier to the list of airlines operating under Chapter 11 federal bankruptcy protection from creditors. Free! Sign up here to receive our Internet Daily e-Newsletter!
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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Our position is: ATA was caught in forces that are pounding the entire airline industry. Indianapolis-based ATA Airlines, which declared bankruptcy Tuesday, was caught in a convergence of business forces that
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Indianapolis-based ATA Airlines filed for bankruptcy protection today. The airline has one of its major hubs at Chicago&#39;s Midway Airport.
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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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Indianapolis, Dec. 16 - Southwest Airlines says ATA Airlines had accepted its bid for the bankrupt carriers&#39; operations at Chicago&#39;s Midway airport.
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MAXJet Airways Inc , an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after canceling all flights earlier this week, according to court documents.
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AirTran Holdings Inc. (AAI.N: Quote, Profile, Research) , parent of AirTran Airways, on Tuesday said it has agreed to pay $87.5 million for certain gates and slots of bankrupt ATA
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The airline has requested use of the gates in a bid to the federal bankruptcy court of Indianapolis for certain ATA Airlines Inc. assets.
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A Chapter 11 bankruptcy filing by Delta Air Lines Inc. would likely cost at least $100 million in professional and legal fees, plus several hundred million dollars more for contract renegotiations
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The parent of Dulles-based low-cost carrier Independence Air warned for the first time Tuesday that it will be "forced to consider" a Chapter 11 filing for protection from its creditors if it cannot renegotiate aircraft lease payments of $83 million that it owes in January.
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Southwest Airlines offered the winning bid Thursday in the bankruptcy court-approved auction in Indianapolis for certain ATA Airlines, Inc.
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MAXJet Airways Inc , an  all-business class airline, has filed for Chapter 11 bankruptcy  protection from creditors after canceling all flights earlier  this week, according to court documents.
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The bidding war for bankrupt ATA Airlines&#39; assets heated up on Friday when Southwest Airlines offered at least $100 million in cash and loans for gates at Chicago&#39;s Midway Airport and an alliance with ATA, its main rival there.
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ATA Airlines isn&#39;t commenting on reports that the Indianapolis-based carrier is trying to sell its holdings. Reports surfaced citing unnamed sources that ATA is in merger talks with Tempe