ATA Airlines files for bankruptcy
CHICAGO, Illinois (CNN) -- ATA Airlines has ceased all flights as it files for bankruptcy, apologizing to its customers for the airline's "sudden shutdown," according to a company statement released Thursday.
The low-cost, charter airline based in Indianapolis, Indiana, filed for Chapter 11 status on Wednesday as a result of financial problems "following the loss of a key contract for our military charter business," ATA said.
More information here:
ATA Airlines goes bankrupt after losing military contract - Apr. 3, 2008
CHICAGO, Illinois (CNN) -- ATA Airlines has ceased all flights as it files for bankruptcy, apologizing to its customers for the airline's "sudden shutdown," according to a company statement released Thursday.
The low-cost, charter airline based in Indianapolis, Indiana, filed for Chapter 11 status on Wednesday as a result of financial problems "following the loss of a key contract for our military charter business," ATA said.
More information here:
ATA Airlines goes bankrupt after losing military contract - Apr. 3, 2008
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