ATA Enters Ch. 11, Shutters Business For Good

Law360, New York (April 3, 2008, 12:00 AM EDT) -- For the second time in less than five years, Indiana-based ATA Airlines filed for bankruptcy protection Wednesday, citing the loss of a key contract for its military charter business.

This time, the company immediately discontinued all operations and canceled all current and future flights. In its bankruptcy filing in the U.S. Bankruptcy Court for the Southern District of Indiana, ATA said that its saving grace had been its profitable military charter service, but that it recently learned that service was ending.

Federal Express told the airline...
To view the full article, register now.