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Legal news in brief
03 November 2008
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Sun Country
Chapter 11
Sterling Airways
Ryanair
- US low-cost carrier Sun Country Airlines has filed for Chapter 11 bankruptcy protection in order to prevent its assets from being frozen as part of a US Federal Bureau of Investigation (FBI) probe of its parent company, Petters Group Worldwide.
Sun Country, an American low-cost carrier based in St Paul, Minnesota, previously filed for bankruptcy in late 2001.
In its October 6 filing Sun Country listed assets and liabilities of between $50 million and $100 million.
FBI agents raided the headquarters of the...
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