The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings.
Now, the writing is on paper: Indianapolis has lost another headquarters. “Our principal executive office is located at HLH Building, 101 World Drive, Peachtree City, Georgia,” states a registration Global Aero filed Oct. 26 with the Securities and Exchange Commission.
Previous SEC filings identified Indianapolis as the headquarters. The filing outlines a plan to sell $50 million in stock on behalf of Global Aero’s owner, the New York investment firm MatlinPatterson.
As recently as Oct. 15, Indianapolis was the dateline on Global Aero’s press releases . . .
ATA hasn’t flown a scheduled flight from Indianapolis International Airport—where it once was the busiest carrier—for nearly two years. Chicago’s Midway Airport remains ATA’s closest scheduled service location.
“They’re winding down operations here. The impact has really already been felt,” said Mike Wells, a long-time board member of the Indianapolis Airport Authority. “In my mind, they were gone a long time ago.”
Well, Lacy Johnson will have his big palace of a new airport terminal built by the same people who largely funded Mayor Peterson's $3.5 million re-election bid this year, but there will be no airline which will call Indianapolis its home when it opens next year. BAA, the company that successfully operated the airport until Johnson started interfering with their business, has already announced it's giving up the contract and leaving town. This billion-dollar airport terminal could prove to be quite the white elephant before it's all over. But who cares, it's all funded by airline fees, not taxpayer dollars we're told. You don't pay those. Right?