Friday, December 5, 2008

Sun Country 737-8Q8 N809SY (30683/1669) caught
on short final to Rwy 1R at Las Vegas on November 7th.
(Photo by Michael Carter)

Sun Country Airlines received US Bankruptcy Court approval for a line of credit that will allow it to restore employees to full pay and meet other financial obligations. The Minneapolis-based carrier, which is working its way through Chapter 11 restructuring (ATWOnline, Oct. 20), was paying workers just 70% of their salaries. SCA did not reveal the origin of the debtor-in-possession financing, but news reports named Elite Landings, another subsidiary of SCA parent Petters Group Worldwide.

(Air Transport World / ATWOnline)

No comments: