quickmover
Posts: 2150
Joined: Sat Mar 06, 2004 4:28 am

Any News On The ATA Auction?

Tue Nov 16, 2004 12:54 am

I thought the bids had to be in by today.
 
7e72004
Posts: 3440
Joined: Thu Apr 01, 2004 12:15 am

RE: Any News On The ATA Auction?

Tue Nov 16, 2004 1:02 am

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!
 
KarlB737
Posts: 2641
Joined: Sat Mar 20, 2004 9:51 pm

RE: Any News On The ATA Auction?

Tue Nov 16, 2004 8:19 am

 
User avatar
LAXintl
Posts: 20865
Joined: Wed May 24, 2000 12:12 pm

RE: Any News On The ATA Auction?

Tue Nov 16, 2004 9:00 am

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.
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