Sun Country Airlines sold to private Minn. company

Discussion in 'Blogstand' started by sobore, Jul 21, 2011.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    After nearly three years in bankruptcy, Sun Country Airlines has been sold, once again, to Minnesota investors. The company says there are no plans to change the Mendota Heights-based airline's operations, management team or frequent flyer program.

    The Davis family, owners of Cambria Holdings, is acquiring the airline, which has been through bankruptcy twice since 2001.

    The family's porftolio includes Cambria, a maker of quartz countertops, and Davisco Foods International, which produces more than 300 million pounds of cheese every year. The company's website says the Davis family hails from St. Peter, Minn.

    This is the latest ownership change in a turbulent decade for Sun Country. In October, 2008, the company rushed into bankruptcy as the legal troubles of then-owner Tom Petters mounted. Petters was eventually convicted of perpetrating a $3.5 billion fraud on investors.

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