ATA expects to hire Jefferies, SkyWorks to support Chapter 11 emergence

By Caroline Salls

Pittsburgh, June 20 - ATA Holdings Corp. intends to hire Jefferies & Co. Inc., SkyWorks Capital LLC and SkyWorks Securities LLC to raise funding to support its exit from Chapter 11 bankruptcy, according to a company news release.

The hiring is subject to approval by the U.S. Bankruptcy Court for the Southern District of Indiana.

"ATA has made tremendous progress in restructuring its routes, fleet and assets. Our codeshare agreement with Southwest Airlines provides a platform for future growth," chief executive officer John Denison said in the release.

"As we complete our reorganization and emerge from bankruptcy in 2006, we need to make sure our new business plan has sufficient capital to be successful."

Jefferies is a New York-based global investment bank and institutional securities firm. SkyWorks Capital LLC and SkyWorks Securities LLC provide expertise to participants in and capital providers to the aviation and aerospace sectors.

Indianapolis-based ATA, the parent of ATA Airlines, filed for bankruptcy on Oct. 26, 2004. Its Chapter 11 case number is 04-19866.

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