ATA Bankruptcy

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)

1. 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)
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-1011sCNNMoney.com: ATA Airlines files for bankruptcy (April 3, 2008)
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 dailyCNNMoney.com: ATA Airlines files for bankruptcy (April 3, 2008)
10. 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)

• Topix.net: ATA Bankruptcy
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• 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)

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• 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)

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