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BEHIND THE NEWS: Out of the spotlight, Indy’s other airline soaring

April 14, 2008

ATA Airlines may have crashed and burned. But the other Indianapolis carrier is flying high. Republic Airways Holdings Inc. earned $83 million in 2007, and profit might approach $100 million this year, according to the investment firm Raymond James. Revenue cracked $1 billion in 2006 and might surpass $1.5 billion this year. This at a time analysts are wringing their hands over which airline might be next to go bankrupt and cease operations. Skybus, Aloha Airlines and the hometown airline…

One Indiana Square owner sues insurer over storm-damage repairs

April 14, 2008

The owners of a downtown skyscraper badly damaged in a 2006 storm are suing their insurance company after it halted payments
on a facade-replacement project. The suit, filed April 1, accuses the insurance company of a “bad faith” attempt to avoid
paying for repairs to the 36-story One Indiana Square building at the northeast corner of Pennsylvania and Ohio streets.

ATA plan ticks off terminated pilots, attendants

April 14, 2008

Former ATA Airlines employees are trying to comb the wreckage of the bankrupt carrier, looking to grab their financial belongings
before managers and lenders cart off what little is left. Pilots and flight attendants are opposing retention bonuses for
managers who will spend the next several months turning out the lights of the 35-year-old carrier.

Former ATA worker files class-action lawsuit

April 9, 2008

An ATA Airlines employee who was fired April 3, when the Indianapolis-based regional carrier filed bankruptcy and ceased operations, is suing the company for back pay. The class action filed in U.S. Bankruptcy Court by Kevin Batman claims ATA violated federal law by terminating more than 1,000 workers without giving a 60-day written notice. ATA […]

About that other airline

April 4, 2008

As postmortems fly on ATAÃ¢??s second, and final, nosedive into bankruptcy, another Indianapolis airline is
doing
a lot better and getting hardly any attention.

Republic Airways Holdings Inc. isnÃ¢??t a household name because it quietly flies regional routes on…

UPDATE: Five parties spurned ATA offer

April 3, 2008

The owners of ATA Airlines talked to five interested buyers early this year in a desperate attempt to sell the troubled airline. But FedEx Corp. in January unexpectedly cancelled ATA’s contract to carry military personnel, scuttling any sale and pushing ATA into liquidation. The company filed the Chapter 11 bankruptcy petition last night in Indianapolis. […]

Would you miss ATA?

April 3, 2008

Barring a small miracle, ATA Airlines is dead, now that itâ??s lost a major military contract.

The carrier was headquartered in Indianapolis until it moved to the Atlanta area late last year.

How big a blow would ATAâ??s demise be…

BREAKING: ATA bankrupt again

April 3, 2008

ATA Airlines Inc. said today it has filed for Chapter 11 bankruptcy protection, just two years after emerging from a bankruptcy filed in 2004. All operations were discontinued as of 4 a.m. today, the carrier said, meaning ticket holders will need to find alternatives. ATA had previously discontinued scheduled flights from Indianapolis. The filing means […]

CEO of struggling ATA parent steps down

March 17, 2008

The chief executive officer of ATA Airlines’ parent company, Global Aero Logistics, has resigned, according to the Peachtree City, Ga., company. Subodh Karnik, who previously was CEO of Indianapolis-based ATA, was under pressure from New York investment firm MatlinPatterson to make ATA and its two sister carriers profitable. Global Aero’s most recently reported financials show […]

ATA exits Midway, Indianapolis jobs spared

March 6, 2008

ATA Airlines said today it would close its Chicago Midway hub and cease all scheduled service there, starting with domestic flights on April 14 and international flights as of June 7. The announcement comes after ATA parent Global Aero Logistics said in a January regulatory filing that it was considering selling all or part of […]

Insurance insecurities: Data-breach policies touted as way to protect businesses from cyber-related losses

March 3, 2008

Several local entities, ranging from St. Vincent Indianapolis Hospital to the state of Indiana to Indianapolis Public Schools, last year experienced wellpublicized electronic security breaches involving confidential data. While the victims of the lapses and those at fault emerged relatively unscathed, such incidents underscore the ease in which personal information can be lost or stolen in today’s computerized world. With roughly 165 million people tapping into to the Internet nationally, the opportunities for security breaches are plentiful. Throw in the…

State goes from first to last in catastrophes: Indiana sails through 2007 without a single large weather event, rebounding from hailstorm of claims in 2006

March 3, 2008

Indiana weather is notorious for the volatile swings it can produce from one day to the next. Just this month, high temperatures in Indianapolis fluctuated about 40 degrees within 48 hours. The disparity in major storm damage that befell the state the past two years is quite unusual, though, even by Hoosier standards. Statewide property losses totaled $1.5 billion in 2006, the most in the nation, due in large part to what’s become known as the Good Friday hailstorm. Last…

AAR to hire 300 at airport hangar

February 25, 2008

AAR Corp., the Wood Dale, Ill., company that took over the abandoned United Airlines repair base three years ago, said it hopes to add more than 300 workers this year in Indianapolis. Mayor Greg Ballard is expected to attend a press conference early this afternoon announcing the expansion. AAR currently has 925 employees working in […]

HIGHWAY to HEALTH: Trucking firm Celadon drives down costs with innovative wellness plan

February 4, 2008

Truck drivers are accustomed to logging lots of miles on their 18-wheelers, but on their sneakers? They are at locally based Celadon Group, thanks to its “Highway 2 Health” wellness program the trucking firm launched in 2006. Prodding employees to lead healthier lifestyles is a way to help cut escalating health care costs. It’s a challenging task for any corporation, particularly for transporters whose workers are strewn throughout the country hauling freight on America’s highways. Sitting behind a wheel for…

ATA cuts jobs, reviews scheduled-service strategy

January 29, 2008

ATA Airlines is eliminating 30 positions at its Indianapolis headquarters while its Georgia-based parent considers options for its scheduled service business-including selling it in part or whole. Steve Forsyth, spokesman for Peachtree City, Ga.-based Global Aero Logistics, confirmed the job cuts to IBJ today. The cuts are due partly to rising fuel prices and decreases […]

Slow economy throws Celadon profit into skid

January 23, 2008

Earnings of Celadon Group plunged 72 percent in the quarter ended Dec. 31, the Indianapolis-based trucking company reported yesterday, reflecting a continued downturn in the industry. Net income of $1.7 million was down from $6.1 million for the same quarter the previous year. Earnings per share fell to 8 cents, from 26 cents a year […]

Lawmakers call for advocate to support airline passenger ‘rights’

January 21, 2008

Northwest Airlines flight 1829–stranded on a Detroit taxiway for seven hours with lavatories overflowing and the 198 souls
aboard without food or water–has now landed at the Indiana General Assembly. Two Republican lawmakers have proposed creating
an “airline consumer advocate” to resolve disputes on behalf of passengers who’ve endured poor service.

Real estate exec with lavish lifestyle accused of $160M fraud

January 14, 2008

A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.

EYE ON THE PIE: Indiana being stamped with wrong image

January 14, 2008

Blessed be our friends at the U.S. Postal Service. They do a great job of collecting and distributing the mail. They face strong competition from private carriers and from the Internet, but they continue to serve the public well. Then, too, USPS always looks for new ways to honor America and Americans through the issuance of new stamps. If a particular series catches on, they can make a pretty penny by selling stamps that are never used. That’s why USPS…

Celadon tries to reverse decline

December 24, 2007

In just over one quarter, shares of Celadon Group lost nearly half their value as profitable cargo got harder to find in a
slowing economy. The stock closed at $9.13 on Dec. 19, down from nearly $17 in late August.

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Articles

BEHIND THE NEWS: Out of the spotlight, Indy’s other airline soaring

One Indiana Square owner sues insurer over storm-damage repairs

ATA plan ticks off terminated pilots, attendants

Former ATA worker files class-action lawsuit

About that other airline

UPDATE: Five parties spurned ATA offer

Would you miss ATA?

BREAKING: ATA bankrupt again

CEO of struggling ATA parent steps down

ATA exits Midway, Indianapolis jobs spared

Insurance insecurities: Data-breach policies touted as way to protect businesses from cyber-related losses

State goes from first to last in catastrophes: Indiana sails through 2007 without a single large weather event, rebounding from hailstorm of claims in 2006

AAR to hire 300 at airport hangar

HIGHWAY to HEALTH: Trucking firm Celadon drives down costs with innovative wellness plan

ATA cuts jobs, reviews scheduled-service strategy

Slow economy throws Celadon profit into skid

Lawmakers call for advocate to support airline passenger ‘rights’

Real estate exec with lavish lifestyle accused of $160M fraud

EYE ON THE PIE: Indiana being stamped with wrong image