Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

November 20, 2002
PO-3638

Air Transportation Stabilization Board Issues Federal Guarantee on Behalf of American Trans Air

The Air Transportation Stabilization Board today announced it has closed on a $168 million loan on behalf of American Trans Air.  The loan is backed by a $148.5 million federal guarantee issued under the Air Transportation Safety and System Stabilization Act and implementing regulations promulgated by the Office of Management and Budget.