ATA Backs Away From Gate

from Crain’s Chicago Business: ATA Airlines has agreed to turn over its Midway Airport operations to Air Tran Airways Inc. for $87.5 million as part of its restructuring and filing for Bankruptcy Court protection Tuesday.
Subject to approval by the city of Chicago and the Bankruptcy Court, AirTran will assume ATA’s flight operations, gate leases and routes at Midway, as well as arrival and departure slots at New York’s LaGuardia Airport and Ronald Reagan Washington National Airport, the Indianapolis-based carrier announced.
AirTran it is, then.

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