ATA Airlines On October 23, 2004 ATA Airlines filed for failure. The Indianapolis-based carrier also said it has agreed to merchandise its hub at Chicagos Midway Airport to AirTran, whiz of its major competitors, for $87.5 million dollars. Like other airlines operating in bankruptcy, AirTran said it will maintain its full flight register and honor its frequent-flier commitments. The tenth-largest U.S. airline by traffic, ATA joins United, US Airways and Hawaiian Airlines in bankruptcy. ATA is the first major low-coﴱᄃst airline to search bankruptcy protection.
It has long been having difficulties by its costly leases, estimated to be around $100 million dollars per year over prevailing trade rates. ATA will turn over its slots at New Yorks LaGuardia and Washington Reagan National Airport to AirTran and will fly 15 of its aircraft on AirTran behalf for six months. ATA has not arranged financing during bankruptcy but Chairman J. George Mikelsone said the A...If you want to get a full essay, order it on our website: Ordercustompaper.com
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