Varig services to Varig. Year-long discussions to merge Varig with TAM Airlines ended unsuccessfully in 2004 and the same year Varig fell to third place in the Brazilian domestic market share, behind TAM and Gol. VARIG applied to the Commercial Bankruptcy and Reorganization Court in Rio de Janeiro on , for the commencement of "judicial reorganization" proceedings pursuant to the New Bankruptcy and Restructuring Law of Brazil (Law 11.101). The request was granted on 22 June 2005. VARIG continued to provide services despite its financial troubles. In order to raise funds, the Bankruptcy and Reorganization Court decided to sell two of
Sun Country Airlines Erani as interim President and CEO, with Erani moving to other duties within the Davis family of companies. Jude Bricker, previously of Allegiant Air, was appointed as CEO one week after Erani stepped down. On December 14, 2017, the Davis brothers announced they would be selling the airline to New York Based Apollo Global Management for an undisclosed amount. As part of its strategy Sun Country moved towards being a "no frills" airline. As of October 2018, Sun Country Airlines flies to 47 destinations throughout the Caribbean, United States, Mexico and Central America. Many Sun Country destinations are seasonally served