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Officer with company seeking lease at Hernando airport declared bankruptcy last year

BROOKSVILLE — Hernando County officials have said they don't know if they have enough financial information about one of the two companies hoping to lease the former Brooksville Air Center property at Brooksville-Tampa Bay Regional Airport.

Their concerns grew deeper in recent days when they learned that the vice president of Corporate Air Solutions, Bradley Dye, last year went through bankruptcy to release him and his wife, Linda, from approximately $500,000 in debt.

Dye said Tuesday that Corporate Air Solutions has always been owned by his son, Tony Dye, and that he has no financial involvement in the company, a Clearwater-based airplane maintenance company.

Bradley Dye said financial problems he probably should have dealt with a few years earlier led to the decision to declare bankruptcy. Paperwork from the filing indicates he collected no income in 2012, just $1,100 in 2011, and that his son paid his expenses.

Corporate records show Dye was vice president of the company for the past few years, but he said he only started working for his son late last year after the bankruptcy was discharged.

Gary Schraut, chairman of the Hernando County Aviation Authority, said he doesn't care whether someone filed a bankruptcy case, but it does bother him that the company didn't file a full financial report as part of its application to lease the air center property and become the airport's second fixed-base operator.

"He's the vice president of a company that I have no financials for because they refused to provide them,'' Schraut said.

But Bradley Dye said he did provide confidential information for review by Brooksville-Tampa Bay Regional Airport manager Don Silvernell and Michael McHugh, the county's business development manager, when they visited his Clearwater business two months ago.

He said Schraut was supposed to come to that meeting, but didn't.

"Bankruptcy can happen,'' said Hernando County Commission Chairman Dave Russell. "I just want to make sure the county has adequate protection for a long-term lease.''

Corporate Jet Solutions and American Aviation, currently the only fixed-base operator at the airport, are expected to make their presentations before the Aviation Authority at 1:30 p.m. Thursday at Brooksville City Hall.

The authority's recommendation will be considered by the Hernando County Commission during at special meeting at 2 p.m. Friday.

Officer with company seeking lease at Hernando airport declared bankruptcy last year 06/11/13 [Last modified: Tuesday, June 11, 2013 10:21pm]
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