ATA to emerge from Chap 11 in Feb

Good news for ATA they have received court approval to file their reorganization plan to emerge from Chap 11 this Feb. ATA will secure the 120 million it needs to emerge from Chap 11 from Southwest Airlines and an investment firm. Part of ATA's plan is to go back to its roots as a charter airline with limited scheduled service. Key to its scheduled service is our own LGA which will feed WN flights out of MDW allowing WN to market to NYC customers and not just to Eastern Long Island. My own opinion is their plan looks good and is not pie in the sky dreams like some others.