NEWS: ATA Airlines Gets an Extension

ATA Airlines received an extension from the bankruptcy courts on their exclusivity period. Extending this period allows the airline more time to execute their exit plans without fear of competing plans being introduced. ATA's exclusivity period was due to expire at the end of February.

And why not get an extension? All the cool bankrupt airlines like United Airlines and US Airways are doing it. Based on the way the bankruptcy courts are handing out these extensions I don't think you can draw any conclusions about how good ATA's chances are to successfully exit bankruptcy. But I'll take another opportunity to remind you that ATA's sugar daddy is Southwest Airlines. This move must fit into their master plan somehow.