Sun Country Airlines Secures $60 Million EETC C-Tranche to Reduce Debt
Sun Country Airlines has strengthened its financial position by raising $60 million through a new C-tranche appended to its 2019-1 Enhanced Equipment Trust Certificate (EETC). The airline used the full amount to pay down a significant portion of its term loan, which was financing five Boeing 737-900ER aircraft. This move reflects the airline’s strategy of optimizing its capital structure, reducing long-term debt obligations,…