ATA&#39;s Pain Is AirTran&#39;s Gain
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OCTOBER 27, 2004 -- AirTran Airways yesterday announced a deal to acquire assets at Chicago Midway, New York LaGuardia and Reagan Washington National airports from ATA Holdings Corp.
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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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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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A deal to unload its gates at Chicago Midway Airport and two other cities for $87.5 million gives ATA Holdings Corp. a big advantage going into bankruptcy reorganization, experts say, both in negotiating better
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Although the future of ATA Airlines Inc. remains up in the air, planes still were landing Wednesday at the Quad-City International Airport and tickets still were selling, the airportâs aviation director said.
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A proposed $10 round-trip airfare increase that initially looked like it might stick fell apart over the weekend. The increase was proposed by American Airlines late last week and matched
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America West Airlines said Thursday it won&#39;t try to acquire ATA Airlines out of bankruptcy. ATA, which filed Chapter 11 on Oct. 26, has a tentative deal to sell its gates and routes at Midway
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America West Airlines is in talks to buy all or part of ATA Holdings Corp., parent of ATA Airlines, the Wall Street Journal reported Wednesday night on its Web site.
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ATA is the nation&#39;s tenth-largest airline and one of the major airlines flying out of Midway Airport. ATA operates 14 gates at Midway Airport and draws 39 percent of the airport&#39;s passenger traffic.
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Aviation industry analysts expect Qantas to head in a different direction now the Air NZ alliance is off. Picture:Reuters. Qantas&#39; plans to take a 22.
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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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Tribune staff reporters Geoff Daugherty, Susan Chandler and Gary Washburn contributed to this story. Its financial situation steadily deteriorating, the parent of ATA
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AirTran Airways said Tuesday it will pay nearly $90 million to take over operations at all 14 of bankrupt ATA&#39;s gates at Chicago&#39;s Midway airport.
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As air travel woes worsen, their costs in time and money are demanding increased attention.
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Pilots at ATA Holdings Corp. ATAHQ.PK  on Monday ratified a labor deal that cuts their pay by 20  percent and saves bankrupt ATA Airlines up to $12 million over  four months while it restructures.
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If the airline acquires some ATA assets, Wichita Mid-Continent could see expanded AirTran service, especially to Chicago. BY PHYLLIS JACOBS GRIEKSPOOR.
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ATA Airlines founder J. George Mikelsons was driving to Chicago from Indianapolis when the life-saving phone call came through for his troubled airline.