Sun Country required $7 million to avoid bankruptcy

10/9/2008 | Aviation Daily

Citing a "serious financial crisis" precipitated by the federal fraud investigation of the owner of its parent company, Sun Country filed for bankruptcy after it failed to receive $7 million from the parent needed to finance its operations for the rest of the year. The airline said it will continue to fly its regular schedule, and the Air Line Pilots Association said Sun Country's 120 pilots will do their their "fair share to help the airline emerge from bankruptcy as a stronger and more profitable company."

View Full Article in:

Aviation Daily

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Planner - Line Maintenance
United Airlines
Chicago, IL
Sr. Communications Specialist * Grassroots Coordinator * PAC Coordinator * Benefits Specialist
The Air Line Pilots Association, International
Herndon, VA
TAESL - Planner Production Control
American Airlines
Fort Worth, TX
Supervisor, Airport Services
Envoy Air Inc., formerly American Eagle Airlines
Santa Barbara, CA
Senior Manager- Cabin Systems Project Engineering
United Airlines
Chicago, IL