Varig Logística Varig Logística Varig Logística S.A., operating as VarigLog, was a cargo airline, based in Jardim Aeroporto, Campo Belo, São Paulo, Brazil. All operations were suspended on 1 February 2012 and on 27 September 2012 it was declared bankrupt. The airline started operations in September 2000 as a wholly owned subsidiary of Varig and employed 1,345 staff. Varig Log was purchased for US$48.2 million by the consortium Volo do Brasil in December 2005 during the split-up of the assets of Varig. Volo do Brasil comprised the MatlinPatterson Funds and the Brazilian investors Marcos Antonio Audi, Marcos Hapfel and Luiz Eduardo Gallo.
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