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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.
The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor ...
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
What travelers need to know and should expect in the wake of Spirit Airlines' bankruptcy filing.
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.
While Spirit Airlines has filed Chapter 11 bankruptcy, the company assures customers that all tickets already booked will be valid and flights will operate as scheduled.
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