Friday, April 07, 2006

Sun Country Suffers Setback With Planned Equity Infusion

Tom Petters did not exercise his rights under a tentative agreement to infuse equity capital into Sun Country. Details for the decision were not disclosed and we have not heard anything behind the scenes. This, combined with the loss of key people very recently and the pending lawsuit against the airline all represent a sudden about face on our estimation of their prospects since only 45 days ago.

1 Comments:

At 5:45 AM, Anonymous Sunking737 said...

Key people? So Mr Salmen left, The management team is very strong with Shawn Nuggent as CEO, & Jim Olson as COO. Don't under est. SY. I know SY, very smart people. They watch were they spend the money.

 

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