ATA Airlines latest carrier in bankruptcy
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ATA Airlines, the nation&#39;s 10th-largest, filed for bankruptcy protection yesterday, becoming the latest US carrier tripped up by rising fuel costs and fare wars.
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INDIANAPOLIS, Nov. 16 /PRNewswire-FirstCall/ -- ATA Holdings Corp. , announced today that the Company and its principal subsidiary, ATA Airlines, Inc.
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America West Holdings Corp., parent of America West Airlines Inc., on Thursday said it does not plan to submit a bid to acquire bankrupt ATA Holdings Corp.
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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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ATA Airlines yesterday became the first major low-fare airline to seek Chapter 11 bankruptcy protection, a move that immediately set off a bidding war for the company and its assets.
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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 federal bankruptcy court judge on Tuesday approved a $117 million bid from Southwest Airlines (LUV.N: Quote, Profile, Research) for assets of ATA Holdings Corp.
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Southwest Airlines&#39; package of $117 million in cash, loan payoffs and preferred stock purchases was selected as the winning bid at the bankruptcy court-approved auction for certain ATA Airlines Inc.
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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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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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Chicago and its business community may take a harder hit from Tuesdayâs bankruptcy filing by ATA Holdings Corp. than the troubled airlineâs hometown of Indianapolis, a court document shows.
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Aloha Airlines, the Hawaii based airline, has become the latest US carrier to seek bankruptcy protection. Parent group Aloha Airgroup said escalating fuel costs, above average plane leasing rates and tough competition forced it into the move.
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ATA Holdings Corp., parent of ATA Airlines, the nation's 10th-largest carrier, filed for Chapter 11 bankruptcy reorganization yesterday, becoming the third U.S. airline operating under court protection.
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INDIANAPOLIS -- ATA says it will honor all tickets and maintain its full schedule, after filing for Chapter 11 bankruptcy Tuesday.
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WASHINGTON -- US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union agreeing to take the latest company proposal to its leaders this week.
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A federal bankruptcy court judge on  Tuesday approved a $117 million bid from Southwest Airlines  LUV.N for assets of ATA Holdings Corp. ATAHQ.PK, clearing  the way for a deal that allows the airlines to sell tickets on  some of each other's flights.
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Southwest Airlines said on Friday it will bid at least USD$100 million for assets of bankrupt ATA Airlines, including taking over six of ATA&#39;s 14 gates at Chicago&#39;s Midway Airport and selling tickets on some of each other&#39;s flights.