ST. PAUL (WCCO) — Sun Country Airlines announced Wednesday that they’ve been sold to Cambria Holdings, LLC, a private company owned by the Davis family of St. Peter, Minn.

“Today is an exciting day for our employees, our customers and the communities we serve,” said Stan Gadek, president and CEO of Sun Country. “The Davis family is personally familiar with our product. They fly on Sun Country airlines and probably two of the most important criteria from their standpoint were our employees and culture of the company.”

He said they will continue to expand the airline’s services, while maintaining their “commitment to providing top-notch customer service.” Gadek says his goal is profitability first, and growth second.

“As we approach our 30th anniversary as the Twin Cities’ Hometown Airline, we intend to provide our customers with even more domestic and international routes,” Gadek said. “Now, with the backing of the Davis’, we will be able to do even more.”

The move comes after the company emerged from bankruptcy, following the following former owner Tom Petters fraud conviction. Sun Country filed for Chapter 11 bankruptcy protection in 2008 just days after Petters was charged in a $3.7 billion Ponzi scheme he eventually was convicted of orchestrating. Sun Country emerged from Chapter 11 last February.

“We knew it was going to happen, it had to happen because of the creditor situation,” said Minneapolis based airline analyst Terry Trippler, who calls the deal an exciting opportunity for a hometown airline.

“What this airline needs is an infusion of cash. That is what they are going to have now. I can see where Stan is having a hard time staying in his skin,” said Trippler. “Finally this man has capital to do what he wants to do, this man has done miracles with what he has had, going to be amazing to see where this airline can go. The hometown airline is ready to visit more towns.”

Cambria Holdings CEO Marty Davis told WCCO-TV that his company was a Sun Country customer first, and the most attractive lure of the investment was a Minnesota company with family feel, a true hometown airline.

Sun Country has more than 800 employees and flies to 38 year-round and seasonal destinations in the United States, Mexico, Caribbean and Europe, with added service to Costa Rica and now year round service to Boston, New York and San Francisco.

Officials say there will be no changes to Sun Country’s operation, management or frequent-flyer program.

Comments (9)
  1. Reagan was the 2nd worst says:

    Well, it is nice to see a business transaction done locally. Hopefully jobs won’t be lost.

  2. Robert says:

    Sun Country is great. I wish they had more departures to certain cites, especially on the West Coast. I’ve always found the employees to be very friendly without being phonies, unlike let’s say the other big hometown airline (Delta).

    1. M says:

      Delta is based in Atlanta. I hardly call that hometown. LOL

  3. King says:

    I to love sun country air line, they are the first place I look, when I fly.

  4. Sue says:

    Hopefully the company stays as great as it is now. Usually, this means the it will go down hill, fast. Like Delta taking over NWA for another airline example….

  5. University of Hard Knocks says:

    This company will only get better! The Davis family will not touch anything that does not turn to gold. Cambria counter tops, Cambria mortgage. Davisco foods, the list goes on and on. That large limestone house on the southeast side of 169 between Le Seure and St. Peter is theirs. The elephants are too ahaha!

  6. woohoo says:

    Damn rich people. tax them more lmao

  7. Anita says:

    Great now they can put Branson, Mo. back on their flight plan!!!We need it soo badly!