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ATA Reemergence Plan OK’d By Judge

Law360 (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...
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