Carl Dymond first announced his intention to buy the bankrupt facility in September of 2021.
The keys to the former Stephenville International Airport will soon be in the hands of Carl Dymond. He first announced his intention to buy the bankrupt facility in September of 2021. It’s been a lengthy process with many legal issues, rumours and questions about the reality of the deal. Carl Dymond says the Dymond Group of Companies has paid all the airport debts, including a $135,000 bankruptcy debt that has been there for the past 17 years and put $1.5 million into a trust account to cover off any remaining debt. He says surveys and final title searches need to be made to ensure there isn’t any more debt, then deed and title transfer paperwork as well as job offers to employees as per the agreement. Dymond says it’s normal for a bankruptcy sale to take so long. He says it took a full year just to wait for the bankruptcy to clear. Dymond says he was ready to pick up the keys on Friday but it will be another 10-14 business days and he will be flying into the airport. Dymond says he doesn’t expect any more hiccups. He says they want to build a new terminal with a universal design concept and attract more airlines.
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