MINNEAPOLIS, Feb 28 (Reuters) - Sun Country Airlines said on Thursday that creditor U.S. Bank expects to complete a deal to sell the low cost carrier's assets, including the right to its name, to a new investor group either Thursday or Friday. U.S. Bank has asked the U.S. Bankruptcy Court for the District of Minnesota to ease transfer of assets including some aircraft parts and office equipment to the MN Airlines LLC investor group through an out-of-court foreclosure, Sun Country said. U.S. Bank holds liens over almost all of Sun Country's assets, which do not cover its obligations to the bank. The creditor told the court it preferred to transfer the assets out of bankruptcy as an offset to the liens, Sun Country said. "The deal would allow our lender to more quickly recoup some funds and provide the new buyer with a new company that it is not burdened by excessive past debt," Sun Country President and Chief Executive David Banmiller said in a statement. Sun Country said earlier in February that it agreed to sell some assets to MN Airlines. The carrier suspended scheduled service in December and resumed a limited schedule this week. Three aircraft leasing companies filed an involuntary Chapter 7 bankruptcy petition against Sun Country in January to force the privately held airline into bankruptcy court over $3.1 million in owed payments.