Sun Country Airlines receives financing commitment approval restores employee wages
Sun Country Airlines announced today that it has received approval from U.S. Bankruptcy Court Judge Robert J. Kressel for Debtor in Possession financing. Sun Country will utilize this credit line as necessary to meet payment obligations as they arise.
In addition, Sun Country announced the restoration of employee wages to pre-bankruptcy levels effective immediately. An additional wage increase will occur on January 1, 2009 to reflect the expiration of voluntary paycuts taken in early 2008.
"Yesterday's ruling is great news for Sun Country, its customers and employees," said Stan Gadek, chairman and CEO. "With access to capital, the support of our aircraft lessors and lower fuel prices, we now have the ability to continue operating through our peak winter season and beyond. Customers can book their travel on Sun Country with the confidence of knowing that they will continue to experience our award-winning customer service without interruption."
Gadek went on to say "I am proud of and grateful to our 850 dedicated employees, from maintenance and baggage handling, to our airport and flight crews who have continued to display their dedication to this airline. Regardless of the challenge, our employees have continued to serve our passengers by providing them with the best customer service in the industry."
About Sun Country Airlines
MN Airlines, LLC, d.b.a. Sun Country Airlines is based in St. Paul, Minnesota. Sun Country, which has earned a reputation for offering world class service at an affordable price, recently received a number one ranking for customer satisfaction among all airlines, according to research reported in the Market Metrix Hospitality Index (MMHI). The airline flies to popular destinations in the U.S., Mexico and the Caribbean including Orlando, Los Angeles, Cancun, Phoenix and San Diego. For a complete list of destinations and more information, please visit www.SunCountry.com.