ATA Holdings Corp. said it was advised by Indianapolis-based real estate investment and management firm Okun Enterprises that it has terminated its commitment to purchase ATA's Chicago Express Airlines operation and two Saab 340Bs. Okun was selected as the winning bidder earlier this month (ATWOnline, April 4). ATA said it will proceed with the next highest bidder but did not disclose who that is. However, media reports have identified it as CSC Investment Group.

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