Charter-airline startup inching closer to liftoff after five years
Still trying to raise money, Carmel-based Legacy Travel Club Inc. recently hit a milestone with a proof-of-concept day trip to Michigan.
ATA Airlines
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Struggling Hertz turns to former American Trans Air CEO
John Tague, who spent more than a decade in executive leadership at now-defunct Indianapolis airline company ATA Holdings Corp., has landed at another type of transportation company.
FedEx wins reversal of jury’s $66M award to ATA
FedEx Corp. has won an appeal that overturns a $66 million verdict in favor of defunct Indianapolis airline ATA Airlines Inc.
Federal judge backs jury award in FedEx-ATA dispute
Richard Young rules that the $66 million verdict against FedEx was rational and “not monstrously excessive.”
FedEx fights to overturn jury’s $66M award to ATA
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
Defunct ATA Airlines awarded $66M in FedEx lawsuit
An Indianapolis jury has returned a $65.9 million verdict against Memphis-based FedEx in a breach-of-contract lawsuit brought in 2008 by now-defunct ATA Airlines.
Ambassadair travel club scores on Colts’ success
The Indianapolis Colts’ second trip to the Super Bowl in Miami is scoring business for the locally based Ambassadair
travel club.
Twice-bankrupt ATA finally folds
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.
Southwest swoops in to benefit from ATA Airlines’ bankruptcy
Southwest is striking a deal to acquire ATA’s valuable landing slots at LaGuardia
and most of the dying airlines’ remaining assets for $7.5 million.
ATA plan ticks off terminated pilots, attendants
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.
ATA parent shifts HQ to Georgia
The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero
Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings. Now, the writing is on paper:
Indianapolis has lost another headquarters.
Post-bankruptcy turnaround not taking off for ATA
More than 18 months after flying out of a bankruptcy reorganization that unloaded $1 billion of debt and costly aircraft leases,
the parent of ATA Airlines still finds landing a profit elusive. Indianapolis-based Global Aero Logistics posted a loss of
$46.1 million in the first half of 2007, according to documents it filed with the Securities and Exchange Commission.