Apollo Global Management, owner of Atlas Air, has sold its remaining 12% of Sun Country Airlines, despite the airline’s bullish stance on its Amazon contract.
The private equity group bought into the airline in 2018. In 2020, the carrier signed a deal with Amazon to sub-lease 10 aircraft, which was extended in 2023 to include eight more.
All eight will join the fleet, to take it to 20 freighters, by this summer, …
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