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Sun Country Airlines confirms plan of reorganization

Minneapolis, USA - Move will Allow the carrier to avoid bankruptcy

Sun Country Airlines confirmed on Friday its plan of reorganization which allows the carrier to exit bankruptcy. The plan was confirmed by Judge Robert J. Kressel during a court hearing in Minneapolis and was 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. Fortunes...

AVIONEWS - World Aeronautical Press Agency - 1120605

AVIONEWS - World Aeronautical Press Agency
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