TITLE

Indy Lends to Airline

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information about the Indiana Transportation Finance Authority and Indianapolis, Indiana's decision to grant $15.5 million loan to ATA Airlines Inc. to help the carrier maintain operations. The city and the Indiana Transportation Finance Authority worked together to secure the loan, which would be a short-term note obtained through Bank One that would be due in 2008. ATA planned to sell 17 gates at Chicago's Midway Airport, New York's La-Guardia and Washington's Reagan National.
ACCESSION #
15113321

 

Related Articles

  • Debt Implications. Ott, James // Aviation Week & Space Technology;8/4/2003, Vol. 159 Issue 5, p37 

    ATA Airlines reduced costs by 30% on a year-over-year basis and turned a modest profit in the second quarter, but hard-pressed by a revenue shortfall the carrier faces a 2004 challenge to meet $549.2 million in debt and lease payments. Chairman, president and CEO George Mikelsons said the...

  • U.S. Airline Industry Stays the Course -Toward Ruin.  // Aviation Week & Space Technology;11/1/2004, Vol. 161 Issue 17, p66 

    This article presents information on the U.S. airline industry. It is informed that ATA Airlines is the most recent casualty of a confluence of factors that have created the most treacherous operating environment in the history of commercial air transportation. It was forced to file for Chapter...

  • Industry veteran at helm as ATA exits bankruptcy. O'malley, Chris // Indianapolis Business Journal;2/20/2006, Vol. 26 Issue 51, p9 

    The article profiles Subodh Karnik, executive vice president and chief operating officer of ATA Airlines Inc. in the U.S. He earned a business degree from the University of Michigan. He has been a principal of aviation consulting firm NBS Associates. His goal for ATA Airlines is to improve the...

  • Upscale Cabins. Ott, James // Aviation Week & Space Technology;3/22/2004, Vol. 160 Issue 12, p47 

    Low-cost carriers are adopting the upscale front cabin as a new tool to compete against network airlines. Upscale cabins as a lure to business travelers is another element of the intensifying rivalry between the low-cost and network airlines. It promises a new way to boost profits. ATA Airlines...

  • Moving in on ATA's turf.  // Indianapolis Business Journal;9/20/2004, Vol. 25 Issue 28, p16A 

    Reports that Northwest Airlines Inc. is moving in on ATA Inc.'s turf at the Indianapolis International Airport in Indiana. Launch of additional flight routes.

  • ATA maintenance flying out of Indianapolis. Donhardt, Tony // Indianapolis Business Journal;7/9/2007, Vol. 28 Issue 18, p37 

    The article reports that ATA Airlines plans to discontinue line maintenance in Indianapolis, Indiana by November 1, 2007. The airline appears to be ready in deactivating its local maintenance operations entirely. ATA ended scheduled airline service at the Indianapolis International Airport in...

  • Angry ATA pilots threaten action.  // Indianapolis Business Journal;3/10/2008, Vol. 29 Issue 1, p15 

    The article reports that ATA Airlines cockpit crews have vowed to fight for their jobs should the owner of the Indianapolis, Indiana-based airline sell the company. The Air Line Pilots Association reminded potential buyers that the association's collective bargaining agreement with ATA requires...

  • ATA is complaint-free—sort of.  // Indianapolis Business Journal;10/9/2006, Vol. 27 Issue 31, p15 

    The article reports that the Indianapolis, Indiana-based ATA Airlines Inc. has become a much smaller organization after emerging from Chapter 11 reorganization. Its income has declined to a level that it is no longer required to report data monthly to the United States Transportation...

  • ATA expanding in-state service. Adams, Brent // Indianapolis Business Journal;12/6/2004, Vol. 25 Issue 39, p37 

    Reports that ATA Airlines Inc., which is reorganizing through Chapter 11 bankruptcy protection, will expand instate service to destinations from Indianapolis International Airport, using 34-seat Saab turboprop planes.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics