DATE: October 6, 2008
ATTN: Travel Manager/Arranger/Travelers

Sun Country Airlines, along with Petters Aviation (which owns all of Sun Country's voting shares), filed for Chapter 11 bankruptcy protection today.

"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.

Sun Country had planned on receiving an operating loan from The Petters Group to make it through this historically slow period of the year.  However, Tom Petters is facing charges in a federal fraud case and Sun Country will not receive funds to improve the airline's cash position.

The bankruptcy filing gives the carrier some relief from its creditors as Sun Country restructures in bankruptcy.  The airline previously was in bankruptcy and exited in 2002 under new ownership.

As of now, our sources indicate that Sun Country will fly its regular schedule during the bankruptcy.  We will update you with any future developments.

Travel One will continue to keep our clients informed of news and information that may affect their corporate travel program. Please contact your Travel One reservationist at 952-854-2555 or 1-800-245-1111 for the most current travel information.

For vacation travel, call Travel One at 952-854-2551 or 800-247-1311 and ask for a Leisure Agent.