Low-Fare Airline, ATA, Seeks Bankruptcy Protection
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OCTOBER 27, 2004 -- Indianapolis, Ind. -- ATA Airlines yesterday filed for bankruptcy protection, the first domestic, low-fare airline to go the way of several traditional air carriers.
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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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While the entire airline industry&#39;s finances are under water, ATA Airlines will have to hold its breath longer than its competitors to keep from going belly up.
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Description: Less than two years after emerging from bankruptcy, US Airways once again seeks Chapter 11 protection from creditors.
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The U.S. pension agency on Thursday  said it had filed a motion in court asking for permission to  take over the retirement plans of pilots at bankrupt United  Airlines, which are underfunded by $2.9 billion.
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INDIANAPOLIS -- ATA Airlines has become the latest US airline tripped up by rising fuel prices and fare wares. ATA, the nation&#39;s 10th-largest airline, filed for bankruptcy protection Tuesday.
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ATA has a bumpy landing while filing for bankruptcy.
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HONOLULU -- The parent company of Aloha Airlines filed for Chapter 11 bankruptcy protection, joining four other U.S. air carriers seeking to restructure under court protection.
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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 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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US Airways filed for bankruptcy protection yesterday for a second time after workers refused to grant $800 million in cuts it had sought to reduce its costs to the level of low-fare airlines.
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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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ATA Airlines Inc.  on Monday said it has put its Chicago Express regional airline up for sale as part of its effort to reorganize under bankruptcy protection.
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CLEARWATER - The parent company of ATA Airlines, the busiest carrier at St. Petersburg-Clearwater International Airport, filed for bankruptcy protection Tuesday and agreed to sell assets that eventually will benefit service at Tampa International Airport.
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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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With ATA Airlines having crash-landed into bankruptcy court last week, the future of the airlineâs Fort Wayne-to-Chicago air service isnât the only thing up in the air.
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America West Airlines has been trumped - for now, at least - in its efforts to buy struggling low-cost airline ATA. ATA, which has a handful of flights from Phoenix to the Midwest and Hawaii, said Tuesday that AirTran Airways Inc.