AOPA Pilot Blog: Reporting Points

Cape Girardeau, Missouri, city officials have won the cooperation of a Texas bankruptcy court in evicting Commander Premiere Aircraft from its hangar at the Cape Girardeau airport, according to a story in the Southeast Missourian. The company until recently had hoped a Canadian investor could win funds from an European bank to complete the purchase of the company. Founder, investor, and former Commander President Joel Hartstone essentially told the newspaper he is tired of begging the city to help him bring a new industry to the town. Now he must find a new buyer, but will suggest to the owner that the company not remain in what he sees as hostile territory. The city, meantime, claims the company has not made any lease payments on its building since 2007. It might take as few as two weeks for the eviction to occur. The city built the building for Renaissance Aircraft, which also failed to prosper, but paid it off with casino funds. So far the eviction saga has lasted nearly a year.

This entry was posted on Wednesday, August 24th, 2011 at 8:49 am and is filed under Al Marsh, Editors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.