Sun Country, which is based out of Minneapolis-St. Paul (MSP), has had an interesting history. They made headlines when announcing they would start flying from Minneapolis to London with a stopover in Gander using a Boeing 737 and once again when their owner Tom Petters turned out to be running a $3.65 billion Ponzi scheme. Ever since the airline declared bankruptcy after Petters was removed, there has been speculation on if someone might buy the airline out. Now the airline is profitable and it looks like they are slowly looking for a new owner.
Sun Country CEO Stan GadekÂ told the Minneapolis St. Paul Business Journal that the airline, “will be sold, but a deal is not imminent.” Back in March a filing was made in the bankruptcy case of Â Petters. Gadek states that there have been interested parties, but they are waiting for the right buyer.
Godek stated that Sun Country is looking at the possibility of flying to Hawaii, but they are not fully committed yet. The airline is also hoping to expand their charter flights especially with the military. Sun Country is hoping their up coming flight to Germany will highlight to the US Department of Defense their ability to fly internationally. It is likely that Sun Country could undercut other charter operations, using the Boeing 737 instead of larger aircraft (like Omni International’s DC-10s). However, the military would need to be alright with the additional flight time, since the Boeing 737 requires a stop-over on the way to Europe. This also could be a move towards Sun Country bringing on larger aircraft types.
I am not really sure who could be a good buyer for Sun Country. I wondered if Southwest Airlines might be interested, but shortly after IÂ hypothesized, Southwest announced their purchase of AirTran — so I was a little off.Â Who do you think would make a good buyer for Sun Country?
Thanks Rob for the tip!
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