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ATA Airlines Files For Chapter 11 Extension

Law360 (July 11, 2008, 12:00 AM EDT) -- Grounded carrier ATA Airlines has asked the U.S. Bankruptcy Court for the Southern District of Indiana for more time to file its Chapter 11 plan, citing unexpected complexities including five lawsuits filed by employees and unions.

In its Thursday filing, ATA asked for a 210-day extension to Feb. 26, 2009, to file a plan to liquidate its assets.

The budget airline argues that the labor matters — set for trial in February — warrant this relatively long extension. ATA argued that other factors have also complicated...
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