MUFG has secured a $75 million senior credit facility to enhance liquidity for Sun Country Airlines, enabling the airline to pursue growth opportunities.

Target Overview

Sun Country Airlines, Inc. is an innovative hybrid low-cost carrier based in Minnesota, dedicated to connecting travelers with their loved ones and creating memorable experiences. The airline is uniquely positioned in the market, utilizing shared resources across its scheduled services, charter operations, and cargo business. Sun Country caters primarily to leisure travelers and those visiting friends and relatives (VFR), while also providing cargo services to major clients such as Amazon. The airline serves various destinations throughout the United States, as well as routes to Mexico, Central America, Canada, and the Caribbean.

Industry Overview

The aviation industry in the United States has witnessed a dynamic transformation over the past few years, particularly with the rise of low-cost carriers that have reshaped travel accessibility. As air travel demand has rebounded post-pandemic, there is a notable increase in competition among airlines striving to attract budget-conscious passengers. The U.S. market has seen significant investments aimed at enhancing operational efficiencies and customer service experiences, making it essential for airlines to differentiate themselves through strategic approaches.

The introduction of hybrid business models, such as that of Sun Country Airlines, reflects a growing trend towards flexibility in service offerings. By blending low-cost operations with charter services, these airlines are positioned t