The Stephenville International Airport is now officially a part of the Dymond Group of Companies.

The transfer of ownership to the corporation owned by Carl Dymond has now been finalized.

It’s been a long time coming, as Dymond first announced his intentions in September of 2021, with the deal facing multiple setbacks due to insolvency issues between both the airport and Dymond.

Earlier this summer, all terms were met and all debt had been wiped out for the sale to proceed.

The company shared that they will be hosting an open event at the airport in the coming weeks.

Stephenville Mayor Tom Rose is disputing suggestions that a large number of conditions surrounding the sale of the airport to the Dymond Group were off the table.

Among the items said to be removed from the agreement are the requirement to operate the facility as an airport, the requirement to maintain runway lighting and the manufacture of cargo drones.

Rose told VOCM Open Line with Paddy Daly most of those assertions are incorrect.

He says the airport will continue to operate as a commercial airport under Transport Canada’s standards, and a $3 million lighting project, $1.7 million of which was provided through the federal government, must be completed by Dymond under the terms of the sale.

Rose, who sits on the airport corporation’s Board of Directors, says the official transfer occurred on Friday. He says Dymond’s initial plans to build drones at the site “is still on the table.”