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Any News On The ATA Auction?  
User currently offlineQuickmover From United States of America, joined Mar 2004, 2494 posts, RR: 0
Posted (9 years 10 months 3 weeks 13 hours ago) and read 3303 times:

I thought the bids had to be in by today.

3 replies: All unread, jump to last
 
User currently offline7E72004 From United States of America, joined Mar 2004, 3587 posts, RR: 2
Reply 1, posted (9 years 10 months 3 weeks 13 hours ago) and read 3284 times:

According to the local channels here in Indianapolis, they are in court today to start the process. AirTran is going to submit its bid but i think the judge is going to set a deadline for any other bids/offers.


The next generation of aircraft is just around the corner!
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3108 posts, RR: 10
Reply 2, posted (9 years 10 months 3 weeks 6 hours ago) and read 3120 times:

Courtesy: The Indianapolis Star

http://www.indystar.com/articles/5/194878-4705-092.html



User currently offlineLAXINTL From United States of America, joined May 2000, 25533 posts, RR: 50
Reply 3, posted (9 years 10 months 3 weeks 5 hours ago) and read 3064 times:

The court will set a schedule for the submission of bids.

Following their submissions the court, company, and creditors will likely have several weeks to review bids.

There is much behind the scenes discussions involving both the know potential suitors like Air Tran, SWA, America West, and so far publicly unknown ones. The judge and creditors at the end of the day will agree to what produces the greatest return and protection to their investments from the debtor.

Dont expect anything final to come out for atleast a month if not more.



From the desert to the sea, to all of Southern California
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