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ATA Airlines, Inc., formerly known as American Trans Air and commonly referred to as ATA, was an American low-cost and charter airline based in Indianapolis, Indiana. [1] ATA operated scheduled passenger flights throughout the U.S. mainland and Hawaii, Puerto Rico, and Portugal as well as military and commercial charter flights around the world.
On April 2, 2008, ATA Airlines filed Chapter 11 bankruptcy and immediately ceased all operations. [10] The sibling airlines continued to operate. With the decision to close ATA Airlines, the MatlinPatterson hedge fund in control of the remaining assets of ATA Airlines [11] and World Air Holdings acquired the cargo carrier Arrow Air.
Its primary holding, ATA Airlines, emerges from the post 9/11 financial crisis after Mikelsons forges an alliance with Southwest Airlines. 2006 New ATA Holdings ATA Airlines emerges from bankruptcy, Mikelsons leaves the company, and the MatlinPatterson investment firm enters the picture. 2006 Global Aero Logistics, Inc.
The airline canceled all flights yesterday, and is essentially out of business for good. Most of the Indianapolis-based airline's flights were between Hawaii ATA Airlines customers left hanging
With this tool, airline managers reduce costs. Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy ...
Aloha Airlines - shut down in a chapter 7 bankruptcy filing. American Trans Air - acquired by the private equity firm MatlinPatterson's Global Aero Logistics and shut down in chapter 7 bankruptcy filing. Evergreen International Airlines; World Airways - acquired by the same group as ATA and also shut down by the same private equity firm
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...
Chicago Express provided connecting service at ATA's hub, Chicago Midway International Airport. In 2004, ATA Airlines declared bankruptcy, and as a result, ATA terminated turboprop service (ATA Connection), and Chicago Express ceased all operations on March 28, 2005. It was purchased by CSC Investment Group based in Chicago, headed up by ...