America West Backs Away From ATA Bid
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America West Airlines backed away Thursday from a potential bidding war for bankrupt ATA Airlines, paving the way for AirTran to take over ATA operations.
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ATA, the biggest airline at Chicago&#39;s Midway Airport, filed for bankruptcy protection Tuesday and said it will unload its Midway hub to AirTran Airways.
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ATA Holdings Corp., the biggest airline at Midway Airport, sought bankruptcy protection Tuesday amid high fuel costs and losses, and agreed to transfer its Chicago operation and some other assets to AirTran Holdings for $87.
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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.
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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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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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INDIANAPOLIS - ATA Airlines has accepted a $117 million offer from Southwest Airlines that would forge close ties between two of the largest US discount carriers.
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America West Holdings Corp.  on Thursday said it would not bid for assets of bankrupt carrier ATA Airlines, saying the value does not justify the cost.
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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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America West Airlines AWA.N on  Friday said it has reached a tentative agreement with the  Transport Workers Union for a new contract for the airline's  dispatchers.
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Temporary layoffs announced by ATA Airlines, a carrier with very little cash in a tough operating environment, will not save the airline from bankruptcy or liquidation, analysts said on Friday.
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South Bend, IN - Amid rising fuel costs and fare wars, Indiana-based airline ATA has filed for bankruptcy. Many now are wondering how that decision, announced just yesterday, will affect the future of South Bend Regional Airport.
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ATA Airlines accepted Southwest Airlines&#39; offer to buy six of ATA&#39;s 14 gates at Chicago Midway, an attorney for rival bidder AirTran Airways said late Wednesday night.
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Ailing ATA Airlines&#39; (ATAH) rivals are gearing up for a possible fight over its most coveted asset: its stronghold at Chicago Midway Airport.
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America West Holdings Corp., of Phoenix, the parent company of America West Airlines, declined to bid for bankrupt ATA&#39;s assets Thursday, America West said.
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Southwest Airlines has offered more than $100 million for part of ATA&#39;s operations at Chicago&#39;s Midway Airport. If successful, it could torpedo AirTran Airway&#39;s efforts to create a hub 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