[Fox News]
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Aloha, croaks last week; Champion crashes and burns on Tuesday (figuratively, of course); and now this. ATA announced this morning that they have filed for Chapter 11 Bankruptcy and ceased all flight operations effective immediately. Another Third-rate Airline ATA is claiming they are the latest victim in a string of murders by the evil rising prices of jet fuel. The Indianapolis based charter and scheduled airline also states it has lost out on a key military charter contract for 2009. FedEx, the team leader for an arrangement with the DOD and Air Mobility Command, officially booted ATA from the team next year. Apparently this team, of which ATA has been a part of for nearly 20 years, was just about the only thing that kept them flying with a nice little injection of military funding. That, coupled with the ridiculous spike in fuel prices, was enough to nail down the coffin on ATA. I guess this officially ends their code-sharing agreement with Southwest, who by the way has enough problems of their own.
P.S. If you have already purchased a ticket on ATA for the future, it will make a nice origami swan, as your ticket is now worth the equivalent of an origami swan. Your SOL. Sorry, buddy.
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Just a week after Aloha Airlines announced it would be shutting down due to high fuel prices, Champion Air is now the latest to fall under the same axe announcing their intentions of ceasing flight operations on May 31st according to a company press release. President and CEO of Champion, Lee Steele, indicated in the release that, “This is a sad day for the entire Champion family,” and a sad end to an 11 year old airline hitting what they claimed to be the "perfect storm" of economic downturn and tight credit. The airline will fulfill any commitments to customers between now and shutdown, but the 550 employees of Champion are undoubtedly already looking for other jobs. I'm not sure what they were expecting with the fuel prices when they operated a 16 aircraft fleet of all 727s. That aircraft could hardly be considered "green" when it comes to fuel consumption.
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