In a press release today, Sun Country airlines, facing a significant cash shortage, announced it has filed for bankruptcy. Petters Aviation, which owns all of Sun Country's voting shares, also filed.
"We were forced to take this action as a result of recent events at Petters Group Worldwide," Sun Country CEO Stan Gadek said in a prepared statement.
The airline plans to continue operating a regular flight schedule, but last week warned employees of significant layoffs or a complete shutdown by December 1st if the cash problems were not resolved.
Sun Country currently offers flights between San Francisco (SFO) and Minneapolis.
inFLIGHTout (the daily blog) served the needs of Bay Area travelers from 2006-2010. The site remains up to provide a comprehensive listing of travel tools and resources. Please continue to follow me on Twitter. Happy and safe travels. -Mike
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