Sun Country Says It's Still In Business, Despite Federal Raid On Parent | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Thu, Sep 25, 2008

Sun Country Says It's Still In Business, Despite Federal Raid On Parent

Agents Search Offices Of Petters Group Worldwide

Employees arriving Wednesday to their jobs at private investment and holdings firm Petters Group Worldwide were greeted to a rude surprise: federal agents armed with subpoenas to search the company's offices in Minnetonka, MN.

One of the entities under criminal investigation is Petters Company Inc, which counts among its assets Polaroid... and Sun Country Airlines. So far, officials at Petters are keeping tight-lipped as to why their company is under the microscope, though we do know the FBI, the US Attorney's Office, the IRS criminal investigative division, and the US Postal Inspection Service were all part of the investigation.

"Petters Group Worldwide is cooperating fully with the investigation. The company will make additional information available as it is known," a Petters statement read Wednesday.

As employees returned to their jobs Thursday, Sun Country took obvious pains to reassure its customers... and, to distance itself from the apparent woes of its parent.

"We are owned by Petters Aviation which is a separate non-affected company," said Sun Country CEO Stan Gadek. "It is business as usual at Sun Country and we do not anticipate any impact from these events. We continue to focus on improving our business in a challenging environment of high fuel prices and extending our recent profitable performance."

Gadek added the airline will continue to fly its regular scheduled and charter flights, as normal. "Our commitment to Minnesota has not changed," he said.

FMI: www.suncountry.com, www.pettersgroup.com

Advertisement

More News

ANN's Daily Aero-Term (06.04.25): NORDO (No Radio)

NORDO (No Radio) Aircraft that cannot or do not communicate by radio when radio communication is required are referred to as “NORDO.”>[...]

ANN's Daily Aero-Linx (06.04.25)

Aero Linx: South Carolina Aviation Association (SCAA) Airports in South Carolina support the state’s economy and are themselves economic generators. Residents, businesses, an>[...]

Airborne 06.04.25: G100UL Legal Decision, FAA v Starship, Laser Conviction

Also: AV-8B Harrier For CAF Arizona, Boeing Gets ODA, Army NG Rescue, Longitude To C. America A California Superior Court judge recently ruled that GAMI’s unleaded avgas does>[...]

Airborne-NextGen 06.03.25: Hermeus Quarterhorse, VFS Forum, VX4 eVTOL

Also: Williams International Builds Up, Marines v Drones, NBAA v Tariffs, New GAMA Members Hermeus confirmed the flight of its Quarterhorse MK 1 aircraft at the Air Force Test Cent>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC