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ATA amends DIP covenants
By Ted A. Knutson
Washington, July 14 - ATA Holdings Corp. amended its debtor-in-possession credit agreement with Southwest Airlines Co. Tuesday, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The amendment changes the starting date for the periods in which the minimum consolidated EBITDARR and minimum adjusted EBITDARR financial covenants are effective to July 1, 2005 from May 1, 2005.
Indianapolis-based ATA, the parent of ATA Airlines, Inc., filed for bankruptcy with the U.S. Bankruptcy Court for the Southern District of Indiana on Oct. 26, 2004. Its Chapter 11 case number is 04-19866.
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