Ata Files Chapter 11

[700UW]

ATA files for Ch. 11 bankruptcy
Airline reports $940 million in debt

The low-fare carrier listed its total assets at $745.1 million and its debt at $940.5 million, according to its filing in the U.S. Bankruptcy Court for the Southern District of Indiana.

ATA Files Chapter 11

 

[Columbia blue]

Airtran will pay $87.5 million for MDW gates and routes and DCA, LGA slots. Looks like ATA may try to consolidate to IND and Charter work.

 

[Hope777]

I Love this line, sounds like USAirways as well.....

"We will recreate ATA as a formidable, low-cost carrier," ATA founder and chief executive George Mikelsons said Tuesday.

 

[jimntx]

I heard tonight that ATA also lost about half of its military charter business to Ryan International (the Wichita, KS company, not the Irish airline).

 

[Just Plane Crazy]

I heard tonight that ATA also lost about half of its military charter business to Ryan International (the Wichita, KS company, not the Irish airline).

[post="195267"][/post]​

Does Ryan have the equipment to go long haul or international? That’s where ATA is making money.

 

[smfav8r]

Ryan is ETOPS approved with the 757 and might get some DC10's up and running again. Ryan's old 10's went away about a year ago and were exclusively doing MAC charters....with the 757 being ETOPS approved now, the likely replacement for the former 10's may be the 767. Just a guess, but it could be part of the plan.