CAPE GIRARDEAU, MO (KFVS) - Cape Girardeau City Manager Scott Meyer says the city is now in discussions with companies bidding on the bankruptcy assets of Commander Air.
Commander Air declared bankruptcy, leaving the City of Cape without hundreds of thousands of dollars in rent at the Cape Girardeau Regional Airport.
Part of the discussions include whether or not a company will open their business in Cape.
Meyer says they are looking for the best proposal for the city.
A judge's order in September 2001 morning required Commander Premier Aircraft Corporation to vacate a hangar at the Cape Girardeau Regional Airport.
According to the court documents, Commander owed the city of Cape $827,283.39 as of May 16, 2011. The monthly rental payment under the sublease was $21,016.67.
The last payment was made in December 2007.
Commander, based in Tyler, Texas, filed for bankruptcy protection on June 16, 2011.
A judge ordered Commander Premier Aircraft Corporation to vacate a hangar at the Cape Girardeau Regional Airport immediately on September 26.