Air Transport World

ATA files Chapter 11, sells some assets to AirTran.(Brief Article)

The brutally competitive US domestic market claimed its first low-cost victim when ATA Airlines, the 10th largest US Major, filed for Chapter 11 protection on Oct. 26, citing "excess capacity, extremely high fuel prices ... and declining Fares." The seeds of ATA's problems, however, date back to its overly ambitious aircraft acquisition program begun in the late 1990s.

As part of its reorganization plan, ATA will sell gate leases at Chicago Midway as well as slots at New York LaGuardia and Reagan Washington National to AirTran Airways for $87. …

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