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Southwest helps ATA Airlines to come out of bankruptcy
Saturday, 05 Oct, 2005
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Bankrupt ATA Airlines has filed a plan with the federal bankruptcy court to come out of bankruptcy.
The plan calls for Southwest Airlines investing $30 million, in addition to $100 million committed by a new investor.
ATA has been in bankruptcy since October 2004 and has had a code-sharing agreement with Southwest since last year that allows the two airlines to sell tickets on some of each other’s flights.
Charles Kao
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