The transfer of ownership of the Stephenville International Airport, to Dymond Group of Companies has been successful, according to the airport.

In a news release, the new owner, Carl Dymond, said he is delighted to report the finalization of the deal, which marks the beginning of a transformative journey for the region.

The deal was a long time coming, with the sale first being announced back in September 2021, with a number of complex legal dealings along the way.

Dymond says the group will be hosting an open event at the airport in the coming weeks.