Welcome to Planenews Aviation News Portal! Fri Nov 21 5:42:30 EST  
Your IP: 38.103.63.55  

     Aviation News

Planenews aviation RSS XML newsfeeds news feeds

Receive news by email:
Enter your Email


Powered by FeedBlitz

. Advertisers
. Media Kit
. Aviation Stocks
. Aviation Jobs
. Avgas Prices
. Pilot Store
. Airplane Models
. Posting Guidelines


     User Menu
· Home
· Downloads
· FAQ
· Feedback
· Members List
· Mobile
· Old Stories
· Private Messages
· Recommend Us
· Reviews
· Search
· Submit News
· Surveys
· Top
· Topics
· Video Stream
· Wap 2 Go
· Web Links
· Your_Account

     Membership
 Welcome Anonymous Chicken
Become a member:

  

Membership unlocks everything we offer!

 Create account
 Login:
Nickname

Password

[ Password Lost? ]

Membership:
  • Today:
  • Yesterday:
  • Signing up:
 
  • Overall:4,062 
  • Latest:stevem 

People Online:
  • Members:
  • Visitors:59 
  • Total:59 

     Aviation Store
·Flying North South East and West
·Children Top Gun Flight Suit
·Children Bomber Jacket
·Deerskin Gloves
·Cotton Flight Suit
·NAFI Gloves
·FlameGuard A2
·Lady Liberty
·Pro Aviator
·A2 Lambskin Jacket

read more...

     Searches
Search this site:

Aircraft Registrations:

N

Google

     NTSB Monthly
·Monday 17 Sedona, AZ PIPER PA-32-260
·Sunday 16 Boynton Beach, FL BELL 206
·Saturday 15 Basalt, CO CESSNA 182M
·Friday 14 Ciampino, Italy BOEING
·Thursday 13 Forest Falls, CA PIPER PA-32S-300
·Tuesday 11 Martinsville, VA MILLER J
·Monday 10 Gainesville, FL PARTENAVIA SPA
·Sunday 09 Wallace, CA Universal Globe
·Friday 07 Osceola, MO JOHNSON LEONARD
·Thursday 06 Hutchinson, MN CESSNA 172F

read more...

     Traffic Report

     Top Authors
1. gil: 8263
2. superg: 224
3. fly_n_b_fun: 121
4. tour93: 91
5. Natalya: 64
6. fly2africa: 58
7. coondoggie: 33
8. jetwhine: 21
9. koonysun: 19
10. Evan: 13

Cessna 182 Skylane
share in Sarasota FL!
Click Here.
Posted 2004-10-27 08:38:15
 ATA Airlines latest carrier in bankruptcy

Aviation BusinessATA Airlines, the nation's 10th-largest, filed for bankruptcy protection yesterday, becoming the latest U.S. carrier tripped up by rising fuel costs and fare wars.

In its filing, the Indianapolis-based airline seeks bankruptcy protection for eight different corporate entities from more than 1,000 creditors. The filing lists assets of about $745.1 million and debts of $940.5 million.

Boeing Capital is one of those creditors. ATA is Boeing Capital''''s fourth-largest customer and becomes the third of its top five clients to fall into Chapter 11, joining United and Hawaiian. ATA represented $722 million, or 7.2 percent, of Boeing Capital''''s portfolio as of June 30.

A year ago, Boeing Capital agreed to extend payment terms for a dozen 757s operated by ATA; more recently, its $50 million stake in ATA preferred stock was written down to $21 million.

ATA carried 1.6 percent of passengers arriving at Seattle-Tacoma International Airport in the first nine months of 2004 and ranks 13th among airlines in the number of landings, according to Port of Seattle statistics. But unlike most airlines, which expanded their flights at Sea-Tac little or not at all during the past year, ATA increased its landings by almost 50 percent.

Full story



Scroll down to read or post comments..
 
     Related Links
· More about Aviation Business
· News by tour93


Most read story about Aviation Business:
Honda Jet in Smooth Test Flights.


     Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad


     Options

 Printer Friendly Printer Friendly


"ATA Airlines latest carrier in bankruptcy" | Login/Create an Account | 0 comments
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register




Web site powered by FreeBSD, Apache, PHP and MySQL
All logos & trademarks are property of their respective owner. Comments are property of their posters, all the rest © 2001-2007 by Gil. Site by Island Limited.
Your information will not be shared with anyone. You can syndicate our news for free. Thanks to Slashdot for allowing me to use some of their graphics! - EAA Disclaimer. Some great topic images from Gene Lehman - Thanks to Aerobatic Experience for their topic logo. Sitemap. Cancel Account.
PHP-Nuke Copyright © 2005 by Francisco Burzi. This is free software, and you may redistribute it under the GPL. PHP-Nuke comes with absolutely no warranty, for details, see the license.
Page Generation: 0.29 Seconds