Sun Country files Chapter 11
10-06-2008, 02:39 PM
#1
Banned
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Joined APC: Feb 2008
Position: A320 CA
Posts: 501
Sun Country files Chapter 11
Sun Country Airlines
SUN COUNTRY AIRLINES BANKRUPTCY FILING – October 6, 2008
Today, Petters Aviation, LLC and its subsidiaries, including MN Airlines, LLC, d.b.a. Sun Country Airlines filed for protection under Chapter 11 of the United States Bankruptcy Code.
The decision to file for bankruptcy was based upon the adverse effects from recent events at Petters Group Worldwide Inc. This move affords us protection while we reorganize the business to be successful.
Sun Country will continue to operate business as usual. We will continue to fly our normal schedule. We will continue to operate under the same guidelines with regards to ticketing, refunds, changes and all other transactions.
We want to be clear that Sun Country customers have nothing to worry about if they have purchased a ticket on the airline. We are meeting our financial obligations and have every confidence we will continue to fly. Our credit card bank retains the funds until the passengers fly and would refund those funds if for some reason any flights were cancelled.
The management and employees feel very confident about the future of our great airline.
SUN COUNTRY AIRLINES BANKRUPTCY FILING – October 6, 2008
Today, Petters Aviation, LLC and its subsidiaries, including MN Airlines, LLC, d.b.a. Sun Country Airlines filed for protection under Chapter 11 of the United States Bankruptcy Code.
The decision to file for bankruptcy was based upon the adverse effects from recent events at Petters Group Worldwide Inc. This move affords us protection while we reorganize the business to be successful.
Sun Country will continue to operate business as usual. We will continue to fly our normal schedule. We will continue to operate under the same guidelines with regards to ticketing, refunds, changes and all other transactions.
We want to be clear that Sun Country customers have nothing to worry about if they have purchased a ticket on the airline. We are meeting our financial obligations and have every confidence we will continue to fly. Our credit card bank retains the funds until the passengers fly and would refund those funds if for some reason any flights were cancelled.
The management and employees feel very confident about the future of our great airline.
10-06-2008, 08:34 PM
#4
New boss = Old boss
Joined APC: Mar 2005
Position: Ca B737
Posts: 2,762
Owner jail for fraud
Tom Petters is in trouble. Owner of Low-Cost Carrier Jailed for Fraud - Gadling | travel blog | news, stories, deals, and tips. Go there.
Apparently he was planing on leaving the country. Darn those wire taps.
Apparently he was planing on leaving the country. Darn those wire taps.
10-07-2008, 03:28 AM
#6
Gets Weekends Off
Joined APC: Sep 2007
Posts: 114
Mail fraud, wire fraud, money laundering, obstruction of justice... NICE.
They were raising money from investors by claiming they were buying electronics and selling them to Sam's Club and Costco, when in fact they were just stuffing the cash into other business, one of them was Sun Country. Even worse a few of the companies he was "buying" these electronics from never even existed. They also listed their office address as a building that is a wear house and a paint store that they don't own.
They were raising money from investors by claiming they were buying electronics and selling them to Sam's Club and Costco, when in fact they were just stuffing the cash into other business, one of them was Sun Country. Even worse a few of the companies he was "buying" these electronics from never even existed. They also listed their office address as a building that is a wear house and a paint store that they don't own.
10-07-2008, 08:01 AM
#9
Line Holder
Joined APC: Sep 2008
Position: DAL "Ultra Extra Super Premium" FO
Posts: 56
Wow, there's quite a lynch mob forming here.
The guy is innocent until proven guilty...remember that from your civics class?
The government has been known to go on witch hunts and fishing expeditions before.
The guy is innocent until proven guilty...remember that from your civics class?
The government has been known to go on witch hunts and fishing expeditions before.
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