ATA Reemergence Plan OK’d By Judge

Law360, New York (January 31, 2006, 12:00 AM EST) -- A bankruptcy court has approved the reorganization plan of struggling airline ATA, clearing the way for the carrier to emerge from bankruptcy at the end of February.

ATA praised its employees and creditors for aiding in achieving a relatively speedy reemergence.

“Reaching this positive end to the restructuring process is even more rewarding because it is the result of consensual agreements reached between ATA, various stakeholders, interested parties and the Unsecured Creditors’ Committee,” ATA Interim Chief Financial Officer Frank Conway said. “Reaching such agreements so quickly...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.