Friday, November 5, 2010

FedEx Owes $ former ATA 66 million

By Patrick Fitzgerald

More than two years after the date on which the ATA Airlines Inc. closes suddenly with the dispute of the agreement between FedEx Corp., established in the federal jury packet delivery giant helped push the driver in the event of the bankruptcy.

A federal jury's Indianapolis said, FedEx fee should be paid to the withdrawal of the 66 million dollar military maritime agreement with the ATA, which accounted for the largest airline revenue and directly on the airline's decision to close down.

ATA's attorney John d. Hoover Indianapolis Star "of the jury to find that we had three years of the agreement, and the opportunity to perform the agreement, deserves," said on Monday.

Although the jury award: some extra cash to creditors, decision too late shall be disbanded upon the establishment of THE ATA, which is invested in aggregate in units of storage.

2. April 2008, four years after the date of their agreements in the event of the bankruptcy filed at the Office are to expire at the end of the second chapter of the agreement, THE ATA 11FedEx by adjusting the military traffic in the United States and their families brought the 335 million dollars a year, the Centre's revenue shall be carried out in accordance with the provisions of the ATA.

FedEx denied responsibility for the failure, and the late ATAS transport of military personnel had failed to fulfil its obligations, the agreement was due to ATAS.

It does not yet have the word information relating to a change in the representative of the company's FedEx plans is not immediately available for comment.

UPDATE: Monday afternoon, FedEx spokesman said in an interview with Sandra Muñoz,

No comments:

Post a Comment