FedEx faces airline lawsuit
ATA Airlines is suing FedEx Corp. over its decision to drop the airline from its military charter team, a move ATA says forced it into bankruptcy protection and left it financially destroyed.
ATA says in a lawsuit filed Wednesday in federal court that FedEx (FDX, Fortune 500) broke contractual promises with the Indianapolis-based airline when it ousted ATA in January bad credit payday loans.
The airline says charter flights of military personnel and their families generated more than $400 million in annual revenue and were ATA’s most important profit base.
ATA abruptly ceased operations April 3.