jmc1975
Posts: 2884
Joined: Mon Sep 18, 2000 10:57 am

ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:38 pm

I just heard from an inside source this evening that ATA has just filed for Chapter 7 Bankruptcy. I haven't seen anything about it, so can anyone confirm it? I know for a fact they cancelled their afternoon PHX-MDW flight today and they have had a L1011 on the ground at PHX for the past 3 days.
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CcrlR
Posts: 2182
Joined: Wed Aug 15, 2001 9:24 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:42 pm

I doubt it if they do go under. They are doing SSSOOOOOOOOO good!!!!!!! I think they are.
"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
 
TWA902fly
Posts: 2869
Joined: Fri Dec 31, 1999 5:47 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:47 pm

Now that they got rid of them 727-200 (nothing against 722) they are probabibly doing better with their fleet of 752 753 738 and charter L1011 (except for IND RSW). Economically they are great planes. Plus they serve very important markets from MDW... so I think they are doing well now.

Who is this inside source anyways?

twa902
life wasn't worth the balance, or the crumpled paper it was written on
 
TWA902fly
Posts: 2869
Joined: Fri Dec 31, 1999 5:47 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:51 pm

sorry... i mean scheduled 727 services. Charters are different because they make a profit from the tour company chartering the whole plane, so they can't lose in that.

twa902
life wasn't worth the balance, or the crumpled paper it was written on
 
Guest

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:55 pm

twa902.... the 727 still do occasional schedualed service. at any rate the poster better disclose the source because i have a couple upcoming reservations on ATA, booked just yesterday. this if true, which i doubt, is not good.
 
redngold
Posts: 6673
Joined: Wed Mar 22, 2000 12:26 pm

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:57 pm

They're doing fine!

http://www.businesswire.com/amtr/amtr_index.shtml
Look at the second January 9, 2002 article.

redngold
Up, up and away!
 
TWA902fly
Posts: 2869
Joined: Fri Dec 31, 1999 5:47 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 12:59 pm

Would be funny if you were going to PIE wouldn't it (how do i know huh huh huh!?)

i am stalking you... hahah
twa902
life wasn't worth the balance, or the crumpled paper it was written on
 
chepos
Posts: 5932
Joined: Sat Dec 02, 2000 9:40 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 1:10 pm

Hopefuly the don't because they have affordable fares and reliable service, it would be a pity if ATA goes bankrupt. From what I last heard (at least) they were doing fine.
Chepos
Fly the Flag!!!!
 
DC10Tony
Posts: 991
Joined: Tue May 29, 2001 9:51 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 1:14 pm

Is this a surprise? Not to me.

ATA has always had delays at the airport I worked at. One time one of their planes (I won't say which type)was being fixed and they made passengers wait in the terminal for 6 hours! If I were one of those people waiting, I would make it a point not to give ATA anymore of my business, mostly on part of not providing a free meal or any other act of kindness for the inconvenience.
 
milemaster
Posts: 994
Joined: Tue Mar 20, 2001 10:19 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 1:18 pm

JMC1975 -

If they were in Chapter 7, they would be liquidating assets and shutting their doors.

Chapter 11 almost always comes first... Reorganization.

I have heard nothing about either and ATA.
 
UAL Bagsmasher
Posts: 1839
Joined: Wed Sep 08, 1999 12:52 pm

RE: ATA B727s

Wed Jan 16, 2002 1:27 pm

So are TZs B727s retired or not? I still see them flying everyday wherever I go. Are they flying charters maybe? Or have the new owners not repainted them yet?
 
Guest

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 1:36 pm

UALbagsmasher..... no they are not retired, ATA had 24 B727 at one point, 14 have been retired/sold, and ATA now owns and operates 10 of them on mainly their own and SY's former chartered routes as well as a few scheduled routes. Also, the 727 are there for a last minute equipment swap if nessecary.
 
jmc1975
Posts: 2884
Joined: Mon Sep 18, 2000 10:57 am

RE: ATA In Chapter 7 Bankruptcy?

Wed Jan 16, 2002 2:00 pm

An ATA employee at PHX told the passengers on Flight #572, which cancelled, as well as several employees of America West during the reaccomodation process. Apparently, they were liquidating some aircraft and did not have the aircraft available to take the flight. Again, this is all heresay and I posted this thread to see if anyone knew about this or can confirm it.
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