Southwest bids $117M for ATA assets
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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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A combination of National, Alamo, Thrifty and Dollar in a deal valued at more than $3 billion is being discussed.
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The airline has requested use of the gates in a bid to the federal bankruptcy court of Indianapolis for certain ATA Airlines Inc. assets.
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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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Southwest Airlines, the biggest and richest low-fare airline, was the apparent winner Thursday in the bidding war for ATA Airlines, another low-fare carrier that sought bankruptcy protection this autumn.
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Higher jet fuel costs overcame Southwest's record revenues for the June quarter.
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ATA Airlines Inc. ATAHQ.PK 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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Southwest Airlines offered the winning bid Thursday in the bankruptcy court-approved auction in Indianapolis for certain ATA Airlines, Inc.
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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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DALLAS The chief executive of Southwest Airlines says the carrier will expand service at Chicago Midway Airport -- where it competes with ATA Airlines.
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China Southern Airlines reveals it has placed orders to purchase 45 new jets - worth a total of $3.7bn.
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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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Southwest Airlines Co. , the largest discount carrier, led seven of the biggest US airlines in boosting round-trip fares as much as $20 to help offset higher fuel costs.
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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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ATA Holdings Corp.&#39;s stock price surged 22 percent this morning then settled to an eight-percent gain on renewed speculation the troubled Indianapolis airline is discussing a merger with America West Airlines.
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The tenth-largest US airline, ATA Airlines has filed for bankruptcy protection and sold off airport slots and other assets to AirTran Airways for $ 87.
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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.