Wow. First Aloha Airlines goes landing gear up, and now ATA, inside a week. And ATA had military contracts, making things even stickier. Yikes.
[Excerpt]
ATA's Demise Deprives Military Of Its Services
CHICAGO -(Dow Jones)- The collapse of ATA Airlines Inc. on Thursday has deprived the U.S. military of its largest civilian air carrier.
The Indianapolis airline filed for bankruptcy protection and ceased all operations Thursday morning, blaming the "unexpected" termination of a military transport subcontract overseen by FedEx Corp. (FDX). . .
The Indianapolis airline filed for bankruptcy protection and ceased all operations Thursday morning, blaming the "unexpected" termination of a military transport subcontract overseen by FedEx Corp. (FDX). . .
Read more at: CNN
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