This article from NYTimes.com has been sent to you by psa188@juno.com. Trans Air Receives Loan Guarantee September 28, 2002 By THE ASSOCIATED PRESS INDIANAPOLIS, Sept. 27 (AP) - American Trans Air said today that the federal government had agreed to guarantee most of a $165 million loan it had asked for. The Air Transportation Stabilization Board agreed to back a $148.5 million loan, should Trans Air default. The loan guarantee, approved late Thursday, is part of Congressional action taken to help stabilize the airline industry after the Sept. 11 terrorist attacks. To qualify for loan guarantees, airlines must exhibit stringent cost controls. George Mikelsons, the chief executive of Trans Air, said the company would eliminate about 8 percent of its work force through layoffs and by not filling vacant positions. Trans Air, which is based in Indianapolis, had been profitable before the attacks. It posted a $58 million loss in the second quarter ended June 30. Trans Air made the loan guarantee request in June. Since May, the board has denied five loan guarantee requests and approved two. http://www.nytimes.com/2002/09/28/business/28TRAN.html?ex=1034229430&ei=1&en=7aceaffcab8c7c91 HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@nytimes.com or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@nytimes.com. Copyright 2002 The New York Times Company