Skip to main content

MUFG closes senior secured term loan facility

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.”

Press contact:
Oksana Poltavets        
(646) 767-1326  

About Sun Country Airlines 

Sun Country Airlines (NASDAQ: SNCY) is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers and providing CMI service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean. 

Sun Country Airlines media contact:

About MUFG and MUFG Americas 

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.  

MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit