ATA Can Also Thank FedEx for its Untimely Demise

[On Your Six]

(I also posted this on the Majors board)

Read this excerpt from an article related to ATA's shut down:

"ATA said in a statement that the cancellation of a critical agreement with FedEx Corp. for most of the airline's charter business left it unable to offset exorbitant fuel prices.

That agreement gave ATA a significant share of the airlift contracts to fly military members and their families overseas, ATA said. FedEx told ATA that that agreement would end when the government's 2009 fiscal year begins in October. "This termination is a full year earlier than the term specified in a letter of agreement between FedEx and ATA," the airline's statement said. FedEx officials could not be reached for immediate comment."

Here's the link to the article:

http://news.yahoo.com/s/ap/20080403/...ata_bankruptcy

Man, this is a tough business... Sure, ATA may have died regardless due to high fuel and the slowing economy (less consumer spending on trips, etc.), but this type of backstabbing can be rough - but I guess FedEx's management would just say "it is just business"...
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[Britpilot]

but I guess FedEx's management would just say "it is just business"...
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It is.