Although the company has not paid the approximate $162,000 in back utilities and late fees that spurred the initial service disconnection back in early June, Altus’ City Attorney Catherine Coke said that the city agreed to turn the power back on after a month’s worth of payments were made.
“They paid about $2,500 and will have to continue to make payment in order to keep the utilities on,” Coke said.
The company has reportedly been in discussions with several companies to discuss renting the facility or even forming a partnership, despite a number of pending lawsuits regarding loan defaults.
One of the companies that has toured the facility is the Brantly Helicopter Company based in Vernon, Texas.
Even though QMA is in the middle of several lawsuits and investigations, other companies still seem to be interested in dealing with the corporation because of its production certificate from the Federal Aviation Administration.
Several lawsuits have been filed against QMA and its partners, and the company has ceased operations, resulting in over 100 employees losing their jobs.
Lawsuits against QMA include those with investors, banks and the City of Altus. First National Bank is looking to recoup about $275,000 in outstanding loans, and the Oklahoma Industrial Finance Authority is seeking to foreclose on the lease of the facility that was used for collateral in a $2 million loan in 1998. QMA owes the City over $420,000 just in loans, and even more in utilities, fuel and other fees.
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