ATA Airlines Seeks Protection in Bankruptcy
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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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ATA Holdings Corp., parent of ATA Airlines, the nation's 10th-largest carrier, filed for Chapter 11 bankruptcy reorganization yesterday, becoming the third U.S. airline operating under court protection.
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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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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O,  squeezed severely by low-cost rivals and soaring fuel prices  and failing in its drive for new labor concessions, filed for  bankruptcy protection on Sunday for the second time in two  years.
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Southwest Airlines proposed a $100 million deal with ATA Airlines today that would give Southwest six of ATA&#39;s gates in Chicago and provide bankruptcy financing to ATA, with which Southwest would share flights.
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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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The federal government, banks and aircraft lenders are putting the clamps on airlines, particularly those operating under bankruptcy protection.
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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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Indianapolis, Dec. 16 - Southwest Airlines says ATA Airlines had accepted its bid for the bankrupt carriers&#39; operations at Chicago&#39;s Midway airport.
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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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The board of ATA Holdings Corp.(ATAH.O: Quote, Profile, Research) , parent of low-cost air carrier ATA Airlines, has approved payments to key executives and employees who stay with the company after its bankruptcy filing
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ATA Airlines Inc. - the discount carrier credited with reviving competition and boosting passenger numbers at Abraham Lincoln Capital Airport - filed for bankruptcy Tuesday.
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HONOLULU -- The country&#39;s largest flight attendants union is calling for a national strike against four airlines now in bankruptcy.
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US Airways Group Inc. , the nation's seventh-largest airline, filed for Chapter 11 bankruptcy protection yesterday for the second time in two years, after last-ditch negotiations with pilots failed to win the airline the $295 million in pay and benefit cuts it had been seeking.
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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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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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The airline has requested use of the gates in a bid to the federal bankruptcy court of Indianapolis for certain ATA Airlines Inc. assets.