In response to recent confusion regarding the status of the Cleveland Jet Center (CJC) at Cleveland Cuyahoga County Airport, AIN learned that the facility was placed into court-ordered receivership late last month as a result of default proceedings on a multimillion-dollar loan by owner Canyon Properties. Canyon is run by Scott Beale, the chairman and CEO of Michigan-based Aerodynamics (ADI), and his wife, Jennifer. At a hearing last Thursday, a Cuyahoga County court ruled that CJC will remain in the hands of the receiver until the dispute is settled or the property is sold. Until then, the FBO–which remains open and operational–will be managed by Flight Options, which is setting up a subsidiary to provide service. Many of CJC’s staff have apparently jumped to Evolution Air, the other FBO at the airport. Previously a location in the Atlantic Aviation chain, the present Evolution site was acquired by a CJC subsidiary early last year, according to a release by Atlantic parent company Macquarie Infrastructure. Beale, the former president and CEO of charter management provider FlightWorks, is also currently facing a lawsuit alleging that he misrepresented himself and his wife as the sole shareholders of the Atlanta-based aviation services company to secure loans for Canyon Properties.
Despite Legal Woes, Cleveland Jet Center Still Open
- January 10, 2012, 3:40 PM