Sun Country Airlines last week received court approval for its plan of reorganization and said it is on its way to emerge from Chapter 11 bankruptcy protection. "The plan provides cash payments to certain creditors as well as the distribution of equity in the reorganized company to other creditors," the Minneapolis/St. Paul-based carrier said in a statement. President and CEO Stan Gadek added that the airline would "emerge as a profitable and debt free company." SCA did ...

Subscribe to Access this Entire Article

"Sun Country wins court, creditor approval of bankruptcy emergence plan" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.