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Chicago Express is not only asset ATA Holdings to jettison: More than $1.7 million for Boeing 727s won’t land in ATA’s pocket

March 28, 2005

As ATA Holdings Corp. prepares to ditch its Chicago Express commuter line after a tiresome series of low-ball bids, another batch of its aircraft about to be sold won’t fetch much attention-or even a dime-for the Indianapolis carrier. Up to seven of ATA’s former Boeing 727s and as many as 20 engines for the tri-engine aircraft are to be sold by early April for at least $1.7 million, according to documents filed by ATA earlier this month in U.S. District…

RETURN ON TECHNOLOGY: How to enjoy wi-fi ‘hot spots’ on the road

March 7, 2005

I recently stayed at a charming hotel in California that dates back more than a century. At least, it was charming to me. It’s been retrofitted many times over the years as it’s struggled to stay no more than 30 years behind the times. It has two elevators, only one of which is completely automatic. The other still has its manual operations lever, and is apparently used only for freight. Most of the room doors still have the old key…

ATA chief joins list of creditors: Mikelsons’ Betaco files claim for charter helicopter lease

March 7, 2005

In what burned creditors of ATA Holdings Corp. might savor as a sky-high irony, the chairman of the bankrupt airline himself is holding out his creditors’ cup. George Mikelsons says the parent of ATA Airlines Inc. owes him $179,064 for a helicopter he leased the carrier through his Betaco Inc. firm. His claim was filed Feb. 11 in ATA’s bankruptcy reorganization in U.S. District Bankruptcy Court for the Southern District of Indiana. It’s one of many unusual claims that have…

Republic Airways ponders employee concessions: But union complains about ‘disingenuous’ memo

March 7, 2005

A memo by Republic Airways warns of the need for employee concessions if ailing partner U.S. Airways ceases operations, Teamsters officials said. The union representing 1,000 cockpit crew members and 600 flight attendants at Republic’s Chautauqua Airlines unit has found itself-not the Indianapolis company-on the defensive, however. Union leaders are wrinkled at what they say is a disingenuous memo Republic CEO Bryan Bedford sent to workers about seven weeks ago, alleging that the union has withheld information from pilots and…

Hub taps seasoned leader: New maintenance facility manager can fly ’em, fix ’em and land ’em

February 28, 2005

One could learn a lot about Frederick L. Kocher just by the classified ad he took out in Barnstormers.comto sell his 1966 Mooney M20C airplane. Only an engineer would bother to list brand names and model numbers of its landing light and intercom system. Only a certified airframe/power plant mechanic would document cylinder compression readings of the Lycoming engine. And only a salesman would end the ad with, “EVERYTHING WORKS!” Kocher’s mix of professional qualifications, and 30-plus years in the…

Supporters predict passage of waiver bill: Measure would allow uninsured to sign up for health care policies that exclude some pre-existing conditions

February 28, 2005

Indiana is one of only a few states in which individuals cannot agree to waive coverage for pre-existing conditions in order to get at least some type of health insurance. That could change this year, however. Dueling bills in front of the Legislature have passed out of the House and Senate and are being considered by the opposite chamber. Rep. Gerald Torr, R-Carmel, authored one of the measures and is confident some form of his legislation will pass. The object…

Bill keeps mandate debate swirling: Biz community favors stripped-down option

February 28, 2005

Small-business owner Gail Piltz, who is paying 31 percent more this year than he did a year ago to insure himself and his four employees, has a somewhat radical philosophy regarding health care insurance. His suggestion: Everyone should be responsible for his or her own health care plan, just like they are with their automobile and homeowner’s insurance. That way, he said, people might abuse the system less and make coverage more affordable. Piltz’s proposition has failed to gain traction…

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

February 14, 2005

Kathy Carrier’s dad was angry when she left a lucrative job at a Fortune 500 company to start her own firm. But four years later, when she won an Ernst & Young Entrepreneur of the Year Award, he told his daughter: “Clearly your vision for yourself was greater than the one I had for you.” In less than seven years, Carrier, 46, has built her Fort Wayne-based information technology writing and training firm, Briljent LLC, into a business with annual…

Northwest has no interest in intrastate air service:

February 7, 2005

Supporters of intrastate air service who hoped Northwest Airlines would pick up flights ATA Holdings Corp. is discontinuing March 28 might be disappointed. “We have studied the service and do not believe that non-stop service from these cities into Indianapolis would be economically viable in the long term,” said Kurt Ebenhoch, spokesman for Minneapolis-based Northwest Airlines. Airport officials in Evansville, Fort Wayne and South Bend considered Northwest their best hope of restoring the turboprop service launched late in 2004 that…

ATA may fly solo again, exec says: Restructuring officer sees opportunities ahead

February 7, 2005

The retired Southwest Airlines executive helping pilot ATA Holdings Inc. out of bankruptcy said he’s confident the Indianapolis carrier could again fly solo, despite a virtual pullout from its hometown and what to some is a precarious reliance on code sharing with competitor Southwest. John Denison, former chief financial officer and executive vice president at Dallas-based Southwest, said ATA’s long-term strategy could include boosting frequency of flights from ATA’s Chicago Midway Airport hub to key markets such as New York…

INVESTING: Merger activity no harbinger, but better market coming

February 7, 2005

On Jan. 28, Procter and Gamble agreed to pay $52 billion to acquire Gillette. Days later, SBC Communications Corp. bought AT&T for $16 billion. The track record of merger-and-acquisition activity on Wall Street leaves a lot to be desired. Most of the mergers involving large operations fail to generate anywhere near the returns management promises. But as soon as I heard about the P&G deal, I thought a lot of things make sense here. First of all, neither one of…

Legal limelight:

January 31, 2005

Counsel from an Indianapolis law firm will argue before the U.S. Supreme Court in April that an annual truck fee charged by the state of Michigan should be struck down. If the high court agrees, trucking firms in Indiana and around the nation could see more than $70 million in fees paid since 1995 refunded. Trucking firms have a lot riding on Scopelitis Garvin Light & Hanson. A ruling upholding the Michigan fee could embolden other states to adopt similar…

Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

January 24, 2005

Hoosier-based companies registered five initial public offerings last year, a robust number considering not a single Indiana business went public in 2003. The uptick could signal the state’s economy, as well as the nation’s, is on the mend. Nationally, 233 companies raised $43 billion collectively to go public on the major U.S. stock exchanges in 2004, a 195-percent increase in the number of IPOs over 2003. And the performance could be even stronger this year, said Richard Peterson, a market…

Parking protest: Spurned operator questions airport contracting methods

January 17, 2005

The nation’s largest parking operator is complaining that Indianapolis International Airport canceled its joint-venture contract and handed the business to the local half of the venture without seeking competing proposals. Nashville, Tenn.-based Central Parking Corp. said that, given the chance, it would have offered the airport more to manage the Premier Business Class parking lot than its now-former partner, Global Parking System of Carmel, did. A counteroffer from Central came after the Indianapolis Airport A u t h o r…

Workers’ Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

January 17, 2005

The state ran into problems, though, when several insurers became insolvent, which cost the state more than $1 million in recent years. Starting Jan. 1, all the premiums began going into a trust account, which pays the claims as needed. The insurance providers will not be called upon unless that account runs dry, Cooper said. The state safety net for Worker’s Compensation insurance began the new year with a new plan to pay claims, one that might lead to fewer…

GERALD BEPKO Commentary: State should help insurance industry grow

January 10, 2005

GERALD BEPKO Commentary State should help insurance industry grow Everyone seems to agree that state governments must facilitate job growth and wealth creation. As pioneers in publicprivate partnerships, Indiana’s leaders have envisioned a future for Indiana that includes many partnership economi c – d eve l o p m e n t strategies. One reflection of this vision is the Central Indiana Corporate Partnership-led focus on key sectors, such as advanced manufacturing, logistics and life sciences. The priority associated with…

RETURN ON TECHNOLOGY: Talking over the Internet may be your answer

January 10, 2005

Some technologies are born inefficient, some achieve inefficiency, and some have inefficiency thrust upon them. Your computer, for example, is horribly inefficient, in an engineering sense. It sits and does nothing most of the day. It wasn’t born inefficient. It can be hooked to other computers to maximize its downtime, if you like. But your telephone is another matter. It’s intrinsically inefficient, and not just because it isn’t in use most of the time. It’s also because when you’re on…

Republic Airways vulnerable to USAirways’ demise: But regional airline likely to grab biz from other carriers

January 10, 2005

The possible liquidation of US Airways, a fate perhaps sealed by an employee sickout last month that infuriated passengers, threatens to cause a financial fever at Indianapolis-based Republic Airways Holdings. Twice-bankrupt US Airways is Republic’s largest customer, amounting to 43 percent of its operating revenue on Sept. 30. Regional carrier Republic flies Embraer jets for US Airways and three other carriers out of Indianapolis and other cities in the eastern United States. Industry observers say US Airways’ baggage handlers may…

Code sharing may help ATA: But analysts say Southwest Airlines unlikely to favor chairman’s international destinations

January 3, 2005

During ATA Holdings Corp.’s annual meeting in 2003, George Mikelsons told shareholders low-fare carriers must strike up alliances to weather the industry storm. He proposed code sharing that would allow passengers buying a ticket on ATA or a partner airline to fly on both and connect to potentially hundreds more destinations. Airlines would share the revenue. “If we don’t act to regroup ourselves,” ATA’s chairman warned at the time, “we’re going to be the Jonahs of aviation, swallowed by the…

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Articles

Chicago Express is not only asset ATA Holdings to jettison: More than $1.7 million for Boeing 727s won’t land in ATA’s pocket

RETURN ON TECHNOLOGY: How to enjoy wi-fi ‘hot spots’ on the road

ATA chief joins list of creditors: Mikelsons’ Betaco files claim for charter helicopter lease

Republic Airways ponders employee concessions: But union complains about ‘disingenuous’ memo

Hub taps seasoned leader: New maintenance facility manager can fly ’em, fix ’em and land ’em

Supporters predict passage of waiver bill: Measure would allow uninsured to sign up for health care policies that exclude some pre-existing conditions

Bill keeps mandate debate swirling: Biz community favors stripped-down option

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

Northwest has no interest in intrastate air service:

ATA may fly solo again, exec says: Restructuring officer sees opportunities ahead

INVESTING: Merger activity no harbinger, but better market coming

Legal limelight:

Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

Parking protest: Spurned operator questions airport contracting methods

Workers’ Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

GERALD BEPKO Commentary: State should help insurance industry grow

RETURN ON TECHNOLOGY: Talking over the Internet may be your answer

Republic Airways vulnerable to USAirways’ demise: But regional airline likely to grab biz from other carriers

Code sharing may help ATA: But analysts say Southwest Airlines unlikely to favor chairman’s international destinations