ATA liquidating debtors request 60-day exclusivity extensions

By Caroline Salls

Pittsburgh, Sept. 13 - ATA Holdings Corp. liquidating debtors Ambassadair Travel Club, Inc., Amber Travel, Inc. and C8 Airlines, Inc. requested a 60-day extension to their exclusive periods to file plans of reorganization and solicit votes on the plans, 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 Nov. 30 from Sept. 30 and solicitation periods to Jan. 30 from Nov. 30.

According to the motion, the extension is needed because each of the liquidating debtors has determined that reorganization is likely 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.

The companies are also requesting a bridge order extending the exclusivity periods to Oct. 4.

A hearing on the bridge extension is scheduled for Sept. 19.

On Sept. 2, ATA requested court approval of bidding procedures for a proposed sale of Ambassadair and Amber Travel to Waveland Holdings, LLC.

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

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