Sun Country parent Petters Aviation files for Chapter 11.

cHabu · Post by **cHabu** » 07 Oct 2008, 11:01

Sun Country parent Petters Aviation files for Chapter 11.

Sun Country Airlines is the latest carrier to seek reorganization under the US bankruptcy
code now that its parent company Petters Aviation has filed for Chapter 11.

The Minnesota-based carrier failed to receive a short-term loan from Petters, a subsidiary of
Petters Group Worldwide, which is mired in a federal fraud investigation.

Full story here.

Credit: Flightglobal / Megan Kuhn.

Bye, Chris.

aviodromefriend · Post by **aviodromefriend** » 07 Oct 2008, 16:19

As they lease their aircraft to each other quite a lot: Is there any influence on Transavia.com in this?

cHabu · Post by **cHabu** » 07 Oct 2008, 22:31

aviodromefriend wrote:As they lease their aircraft to each other quite a lot: Is there any influence on Transavia.com in this?

As far as i understand, no Transavia aircraft will be leased out this winter.

Chris.

flying_kiwi · Post by **flying_kiwi** » 08 Oct 2008, 08:28

cHabu wrote: As far as i understand, no Transavia aircraft will be leased out this winter.

Chris.

I was told that four aircraft were planned to be leased to Sun Country for the winter.

Regards,
Yorden

cHabu · Post by **cHabu** » 08 Oct 2008, 13:08

flying_kiwi wrote:
cHabu wrote: As far as i understand, no Transavia aircraft will be leased out this winter.

Chris.
I was told that four aircraft were planned to be leased to Sun Country for the winter.

Well, that confirms that everything can change in aviation...

Anyone with details on this ?

Thx, Chris.