There are lots of stories about businesses that have kept fighting in the face of overwhelming odds, and Sun Country Airlines is another such story. The fact that Sun Country still exists today, granted by the help of outside intervention, attests to the tenacity and leadership of this regional carrier. Yes, we all know that it is very challenging for any small regional carrier to stay profitable and flying. However they are in the early stages of bankruptcy reorganization as of December 2010. What that decision means is their bank creditors and the bankruptcy courts strongly believe Sun Country should not go out of business - so that is tremendous news for them. That is hardly a surprise considering the national and international awards and recognition this airline has received over the years for the highest quality service.
Sun Country Airlines was in their heyday during the early 90s. The airline had made all the right moves, and that was reflected in their annual income. The fleet doubled in size as did the number of employees. But that was no accident because the company was being steered by highly experienced aviation and airline professionals. In those days, Sun Country flew to European destinations and even began flying military charter services to various points in the Middle East. It is completely to their credit that they could do that and still maintain a satisfied flying customer list.
Unfortunately, due to many reasons, Sun Country had to enter into bankruptcy protection by September 2010. In such matters, a judge in the appropriate court must approve a plan such as this. Additionally input will also come from creditors because it is their money that is as stake. When a company undergoes this kind of bankruptcy process, it is the creditors who must be taken care of, and that is the goal of Sun Country. These are complex affairs that have to be evaluated, and the end result involves monies being paid plus equity in lieu of cash.
Sun Country Charters is just one type of special program that the company provides. Actually this is nothing new because the company has been involved with chartered flight services for more than 25 years. Sun Country has a tremendous amount of experience in this area and they know what they are doing.
It may surprise you to realize that this company has won awards all over the world for their terrific chartered flight services on an international level. They have performed chartering services for all kinds of various institutions and organizations. That really does speak volumes about how well they are regarded on an international level.
Sun Country Airlines was in their heyday during the early 90s. The airline had made all the right moves, and that was reflected in their annual income. The fleet doubled in size as did the number of employees. But that was no accident because the company was being steered by highly experienced aviation and airline professionals. In those days, Sun Country flew to European destinations and even began flying military charter services to various points in the Middle East. It is completely to their credit that they could do that and still maintain a satisfied flying customer list.
Unfortunately, due to many reasons, Sun Country had to enter into bankruptcy protection by September 2010. In such matters, a judge in the appropriate court must approve a plan such as this. Additionally input will also come from creditors because it is their money that is as stake. When a company undergoes this kind of bankruptcy process, it is the creditors who must be taken care of, and that is the goal of Sun Country. These are complex affairs that have to be evaluated, and the end result involves monies being paid plus equity in lieu of cash.
Sun Country Charters is just one type of special program that the company provides. Actually this is nothing new because the company has been involved with chartered flight services for more than 25 years. Sun Country has a tremendous amount of experience in this area and they know what they are doing.
It may surprise you to realize that this company has won awards all over the world for their terrific chartered flight services on an international level. They have performed chartering services for all kinds of various institutions and organizations. That really does speak volumes about how well they are regarded on an international level.
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