It was reported a few months ago that the NJ Festival of Ballooning would not be happening this summer because they had no title sponsor.

Quick Chek has been the title sponsor for the last 27 years but decided to step down.

Organizers said the festival wouldn't be happening unless a new sponsor has been found.

Well, there is good news...There is a new title sponsor!

According to the festival's website:

"With the generous support of a new title sponsor - which we will reveal in the very near future - we're excited to announce that The New Jersey Festival of Ballooning will return to Solberg Airport in Readington, NJ the weekend of July 24 to 26,"

They will also announce next week when tickets will go on-sale for the festival