Guide Note:

On April 3, 2008, ATA Airlines declared bankruptcy and shut down all operations. The airliner also immediately canceled all scheduled flights. In a statement on the company's website, the airliner cited that the reason for the bankruptcy came, "Following the loss of a key contract for [their] U.S. military charter business, it became impossible for ATA to continue operations.¹

Fast Facts:

1. ATA employed 2,230 people, including 600 pilots, 800 flight attendants and more than 100 mechanics²
2. Founded: 1973
3. Ceased operations: April 3, 2008
4. Founder: J. George Mikelsons
5. Former headquarters: Indianapolis, Indiana
6. Aircrafts: 29, which included: Boeing 737-800s, Boeing 757-200s, Boeing 757-300s, DC10s and Lockheed L-1011s²
7. ATA filed for Chapter 11 bankruptcy twice in the past four years since 2004
8. ATA was owned by private equity firm, MatlinPatterson
9. At the time of its second, and final, bankruptcy the firm was serving approximately 10,000 people daily²
10. MatlinPatterson owns a 74% share of ATA's parent company Global Aero Logistics³