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Published on 5/17/2005 in the Prospect News Distressed Debt Daily.

ATA seeks continuance for hearing on exclusivity extension

By Caroline Salls

Pittsburgh, May 17 - ATA Holdings Corp. requested its hearing on its motion for extension of its exclusive period to file a plan of reorganization be continued to May 25 from May 23, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Indiana.

In turn, ATA asked for a bridge extension to the exclusive period to May 25 from May 24.

The company wants to extend its exclusive period to file a plan to Aug. 22 because of the large size and complex structure of the bankruptcy case.

Indianapolis-based ATA, the parent of ATA Airlines, filed for bankruptcy on Oct. 26, 2004. The Chapter 11 case number is 04-1986.


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