-
-
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.USAToday: ATA files for bankruptcy, suspends all flights (April 3, 2008)
Fast Facts:
- ATA employed 2,230 people, including 600 pilots, 800 flight attendants and more than 100 mechanicsCNNMoney.com: ATA Airlines files for bankruptcy (April 3, 2008)
- Founded: 1973
- Ceased operations: April 3, 2008
- Founder: J. George Mikelsons
- Former headquarters: Indianapolis, Indiana
- Aircrafts: 29, which included: Boeing 737-800s, Boeing 757-200s, Boeing 757-300s, DC10s and Lockheed L-1011sCNNMoney.com: ATA Airlines files for bankruptcy (April 3, 2008)
- ATA filed for Chapter 11 bankruptcy twice in the past four years since 2004
- ATA was owned by private equity firm, MatlinPatterson
- At the time of its second, and final, bankruptcy the firm was serving approximately 10,000 people dailyCNNMoney.com: ATA Airlines files for bankruptcy (April 3, 2008)
- MatlinPatterson owns a 74% share of ATA's parent company Global Aero LogisticsThe New York Times: ATA's Second Chapter 11 Will Be Its Last(April 3, 2008)
-
ATA Bankruptcy News
- Topix.net: ATA Bankruptcy
- Google News: ATA Bankruptcy
- USA Today: ATA files for bankruptcy, suspends all flights - Today In the Sky (April 3, 2008)
- "Following the loss of a key contract for our military charter business, it became impossible for ATA to continue operations. Unfortunately, we were not in a position to provide our customers or others with advance notice," the carrier says in a statement on its website.
- The New York Times: ATAs Second Chapter 11 Will Be Its Last (April 3, 2008)
- Aviation Week: ATA Airlines Shuts Down (April 3, 2008)
- CNNMoney: Ata Airlines Goes Bankrupt After Losing Military Contract (April 3, 2008)
- FOXNews.com: ATA Closes Operations, Files Chapter 11 (April 3, 2008)
- ABC News: Once-Major Airline Files for Bankruptcy (April 3, 2008)
ATA Bankruptcy Questions
-
What is a prearranged bankruptcy? 1 AnswerFrom a Tri-City Herald article on Charter: In a prearranged bankruptcy, a company enters into reorganization with a plan to emerge that has the approval of majo... read more -
How is life in Iceland after the bankruptcy? 1 AnswerI read from the paper that it's a great time to travel there these days; most of the hotels, etc are 50% cheaper than usual. read more -
How do you find current bankruptcies online? 1 AnswerBankruptcy records are public information and can be found by a number of means. The best way is to contact the local/federal bankruptcy court that would be han... read more -
Will GM be able to avoid Bankruptcy? 2 AnswersI don't see how they will avoid bankruptcy with all the pensions they pay to their retired, and with all the new laws on mpg. Their best-selling vehicles will h... read more
view more questions...
ATA Bankruptcy Blogs and Commentaries
- Google Blog Search: ATA Bankruptcy
- GoGirlfriend: ATA Airlines - Another One Bites the Dust (April 3, 2008)
- BloggingStocks: Ata Airlines Files for Bankruptcy; Cancels All Flights (April 3, 2008)
- Jaunted: ATA Cancels All Flights, Declares Bankruptcy (April 3, 2008)
- ATA Bankruptcy is currently a stub, a brief collection of the best links for this story. The page will be updated as we find more information.
- Help Mahalo complete this search! Let us know if you've found additional quality links about ATA Bankruptcy on Google, Del.icio.us, Digg or elsewhere, and we can expand this result.
Featured Mahalo Topics
About this page
-
Page Views0
No one is currently managing this page.
If you would like to apply
to be the manager of this page, please request below.
This page currently has no vertical manager.
