Sun Country Airlines receives a judicial approval for its plan to exit bankruptcy protection

Sun Country Airlines (Minneapolis/St. Paul) yesterday (September 10) announced the confirmation of its plan of reorganization which allows the company to exit Chapter 11 bankruptcy protection. The plan was confirmed by Judge Robert J. Kressel during a court hearing on September 10 in Minneapolis and was overwhelmingly approved by the creditors eligible to vote. The plan provides for cash payments to certain creditors, as well as a distribution of equity in the reorganized company to other creditors.

Copyright Photo: Bruce Drum. Ex-Gol Boeing 737-7Q8 N712ST (msn 28219) taxies to the active runway at Seattle/Tacoma.