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Sun Country Declares Bankruptcy

Those following the Sun Country debacle will not be surprised to hear that Sun Country has filed for Chapter 11 bankruptcy protection following a tumultuous week in which its parent company’s offices were raided by the FBI.  Yesterday’s announcement that they may have to shut down by December 1st was made because companies now have to give employees 60 days notice if the company forsees layoffs.  But, as Tom at Channel 9 says, once you announce you may shut down, you have effectively shut down.

(In case you’re wondering why I keep writing about Sun Country, I’m pretty fascinated by their story.  They’ve managed to survive despite 10 years of Northwest doing everything in their power to shut them down.  It’s a bit of a Little Engine That Could story, and you don’t see that too often in the airline industry.)

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