ATA gets bridge exclusivity extension to Feb. 9

By Caroline Salls

Pittsburgh, Jan. 31 - ATA Holdings Corp. debtors Ambassadair Travel Club, Inc. and Amber Travel, Inc. obtained a bridge extension to their exclusive periods to file a plan of reorganization and solicit votes on the plan through Feb. 9, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Indiana.

The companies want to extend their exclusive plan filing period to April 3 from Jan. 31 and their solicitation period to June 2 from April 3.

According to the motion, Ambassadair and Amber have determined that reorganization is not feasible and more time is needed to consider whether they should propose liquidating Chapter 11 plans or move to convert their cases to cases under Chapter 7 for liquidation.

The final hearing on the extension is scheduled for Feb. 9.

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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