INDIANAPOLIS — For Indiana credit unions, it may still be too early to determine how widespread of an impact the shutdown of ATA Airlines Inc. will have on members who were employees of the Indianapolis-based carrier.
The airline filed for Chapter 11 bankruptcy protection on April 2 but was forced to cease operations after an unexpected cancellation of a key contract for ATA's military charter business, which made it possible for the airline to obtain additional capital to sustain its operations or restructure the business, ATA said in a statement.
At the time of the shutdown, ATA had approximately 2,230 employees, including approximately 600 pilots, more than 800 flight attendants and more than 100 mechanics, according to the carrier. ATA had approximately 585 employees at its headquarters in Indianapolis.
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