ATA liquidating debtors request exclusivity extension

By Caroline Salls

Pittsburgh, Nov. 8 - ATA Holdings Corp. liquidating debtors Ambassadair Travel Club, Inc., Amber Travel, Inc. and C8 Airlines, Inc. requested an extension to their exclusive plan filing and solicitation periods, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of Indiana.

The companies want to extend their exclusive plan filing periods to Jan. 31 from Nov. 30 and their solicitation periods to April 3 from Jan. 30.

According to the motion, due to current circumstances, each of the liquidating debtors has determined that reorganization is not feasible and more time is needed to consider whether they should propose a liquidating Chapter 11 plan or move to convert their cases to Chapter 7.

ATA Holdings Corp., ATA Airlines' parent, filed for bankruptcy Oct. 26, 2004. The Dulles, Va.-based company's Chapter 11 case number is 04-19866.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.