![]() Apollo Global Management ownership (2017–present) As part of its strategy, Sun Country had begun to move towards being a "no frills" airline. Jude Bricker, previously of Allegiant Air, was appointed as CEO one week after Erani stepped down. In July 2017, after more than a year of missed monthly earnings projections, Davis replaced Erani as interim President and CEO, with Erani moving to other duties within the Davis family of companies. The airline had a net income of $27 million in 2015, followed by a 41% drop to $16 million in 2016. In 2015, the Sun Country board hired Zarir Erani as president and CEO. Marty Davis, CEO of Cambria, became chairman. In July 2011, Sun Country was bought out of bankruptcy for $34 million by the Davis family, owners of Cambria, a Minnesota-based countertop company. ![]() Rebuilding and Davis brothers ownership (2011–2017) Following this, the airline filed for Chapter 11 bankruptcy protection for the second time, on October 6, 2008. Tom Petters resigned after an FBI probe discovered that the airline had suffered financial fraud on a massive scale. At the end of September 2008, Gadek called for a 50% pay-deferral to all remaining employees. It also began charging for the first checked bag. In September 2008 the carrier reduced, and in some cases eliminated, flights to San Francisco and Los Angeles. Sun Country indicated it had hoped to get up to $50 million in loans or other financial help from the state of Minnesota and the airports commission. The airline furloughed 45 of its 156 pilots and scaled back its summer schedule due to rising fuel costs. įollowing the replacement of interim CEO Jay Salmen by Stan Gadek, former CFO of AirTran Airways, Sun Country was nearly finished by the major recession of 2008 and the revelation of financial fraud. In July 2006, the airline was acquired by Petters Group Worldwide and Whitebox Advisors. In 2001, the company suspended operations due to financial troubles. In 1988, its headquarters were located on the grounds of the Minneapolis–Saint Paul International Airport. His wife, Joan Smith-Olsen, acted as Chief Flight Attendant and Head of Inflight Operations. The company's founder and first President/CEO was Captain Jim Olsen, who also acted as Chief Pilot. A number of the original employees had previously worked for Braniff International Airways, which ceased operations on May 12, 1982. ![]() ![]() The airline's original staff consisted of sixteen pilots, sixteen flight attendants, three mechanics and one office person. Sun Country began flight operations in January 1983 with a single Boeing 727-200 jetliner. A Sun Country DC-10 at Las Vegas International Airport in 1992 wearing the original livery Early years and bankruptcies (1983–2008) ![]()
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