The USD 119 million term loan facility will support Sun Country Airlines’ acquisition of five 737-900ER aircraft from GOAL Aircraft Leasing.
New York, April 6, 2023 – Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a senior secured term loan facility for Sun Country Airlines, Inc., doing business as Sun Country Airlines.
The facility will support Sun Country’s acquisition of five 737-900ER aircraft from GOAL Aircraft Leasing. Under the loan structure, the aircraft will remain on lease to Oman Air and then transition into the operations of Sun Country beginning in late 2024 and throughout 2025.
“Sun Country appreciates the partnership of MUFG that is allowing us to opportunistically acquire five aircraft in a tight market at favorable economic terms,” said Bill Trousdale, Vice President, Financial Planning and Analysis and Treasurer of Sun Country.
“We are excited to have closed this initial transaction with Sun Country,” says Benoist de Vimal, Head of Aviation Originations in the Americas at MUFG. “We appreciate Sun Country’s trust and look forward to further supporting the Sun Country team with their needs.”