Pilot businessmen, Steve Fox and Andy Gibbs, the principals of Virginia Aviation Associates, L.L.C., bought the airport through bankruptcy proceedings in May 2000. Now consisting of 230 acres, improved with 2 paved runways, various taxiways, 100 T-hangars, 13 corporate hangars and 2 office/terminal buildings, HREA ranks in the top three busiest non-military airports in Virginia. With 210-based aircraft, HREA is currently designated as a reliever airport for Norfolk International Airport.