Midway losing ATA to bankruptcy
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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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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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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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Low-fare airline ATA has announced plans to lay off hundreds of employees and to drop most of its flights out of Midway Airport in Chicago.
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ATA Airlines is laying off 156 employees. Company spokeswoman Erica Keane isn&#39;t commenting on reports that the Indianapolis-based ATA is trying to sell all or part of its holdings.
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By The Associated Press. Delta Air Lines, Northwest Airlines and the parent of American Airlines all reported losses yesterday. The largest loss by far was at Delta, where bankruptcy
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ATA Airlines&#39; 1,100 pilots could start to vote as early as today on $6 million in temporary concessions sought by the bankrupt Indianapolis carrier to cut expenses as it scales back operations at its Chicago Midway hub.
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AirTran Airways has agreed to retain 3,200 Chicago-based employees when it acquires bankrupt ATA Airlines&#39; local assets, Mayor Daley said Friday, paving the way for City Hall to approve the transfer of ATA&#39;s 14 gates at Midway Airport.
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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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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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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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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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ATA 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.
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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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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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Tempe-based America West Airlines confirmed today it was interested in buying all or part of struggling low-cost airline ATA, but for now it appears to have lost out to another airline.
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INDIANAPOLIS, Nov. 16 /PRNewswire-FirstCall/ -- ATA Holdings Corp. , announced today that the Company and its principal subsidiary, ATA Airlines, Inc.