America West: Will Not Bid for ATA
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America West Holdings Corp. (AWA.N: Quote, Profile, Research) 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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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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ORLANDO, Fla., Dec. 10 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI), today called the Southwest Airlines&#39; bid for ATA Airlines&#39; assets a &quot;clever trick&quot; to eliminate competition at Chicago Midway&#39;s Airport.
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The California network-equipment maker says the $2.2 billion deal to be acquired by a Chinese telecom won't proceed, because federal authorities reviewing the proposed sale said security issues can't be resolved.
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Leaders of US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) pilots union late Monday rejected the carrier&#39;s latest contract proposal, a setback to the No.
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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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Qantas has decided that it will not appeal against a New Zealand High Court decision stopping it from forming an alliance with Air New Zealand.
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INDIANAPOLIS -- A federal judge yesterday rejected a Boston investor's bid for ATA Airlines Inc.'s Chicago Express regional carrier as part of the airline's bankruptcy reorganization.
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America West Airlines officials say they want to help pick up the pieces as low-cost carrier ATA goes through bankruptcy reorganization.
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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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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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America Online says it will not move forward with deployment of SenderID, the controversial anti-spam protocol being promoted by Microsoft.
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Airline Partners Australia (APA), a consortium bidding for Australia's Qantas Airways , said on Friday it would not increase its $8.7 billion buyout offer for the airline.
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Air France-KLM  declined  comment on Tuesday on the latest in a series of newspaper  reports that it remains interested in bidding for Alitalia  (AZPIa.MI).
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ATA Holdings Corp. and its creditors selected a $117 million bid from Southwest Airlines for six of ATA&#39;s 14 gates at Chicago&#39;s Midway Airport, in a deal that will allow
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AT&T Inc. has backed away fromÂ earlier complaints about proposed open-access rules on parts of theÂ 700MHz spectrum to be auctioned by the U.S. Federal Communications Commission by early next year.
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America West has pulled out of the bidding for ATA, the bankrupt low- cost carrier, the day before bids were due in, citing doubts about whether &quot;the potential value justifies the anticipated cost&quot;.