Sun Country secures loan from sister company

12/4/2008 | Star Tribune (Minneapolis-St. Paul, Minn.)

A bankruptcy judge ruled Wednesday that Sun Country Airlines can accept a loan from a corporate sibling under the Petters Aviation umbrella, helping the troubled carrier to continue paying its bills for a few more months. "This is a really good deal for Sun Country Airlines," U.S. Bankruptcy Judge Robert Kressel said, indicating that the loan would carry a 10% interest rate.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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