Aerovias Brasil Aerovias Brasil Empresa de Transportes Aéreos Aerovias Brasil S/A was a Brazilian airline founded in 1942. It was merged into Varig in 1961, when Varig bought the Consórcio Real-Aerovias-Nacional, of which Aerovias Brasil was one of the partners. Aerovias Brasil was founded on August 26, 1942, as part of an ambitious project of TACA Airlines: the creation of one national airline in each Latin American country. Therefore, two of the shareholders of Taca had 66.6% of the shares whereas 33.4% belonged to 29 Brazilian share-holders being the brothers Oscar and Roberto Taves the most important. Later, the brothers would leave
Sun Country Airlines full pay was restored to all employees. Employees were also promised back-pay with interest. In July 2011, Sun Country Airlines was purchased out of bankruptcy for $34 million by the Davis family, owners of Cambria, a Minnesota-based countertop company. Marty Davis, CEO of Cambria, became Chairman of Sun Country Airlines. In 2015, the board hired Zarir Erani as President and CEO of Sun Country. The airline had a net income of $27 million in 2015, followed by a 41% drop to $16 million in 2016. In July 2017, after more than a year of missed monthly earnings projections, Davis replaced