Welcome to our dedicated page for Sky Harbour Group news (Ticker: SKYH), a resource for investors and traders seeking the latest updates and insights on Sky Harbour Group stock.
Sky Harbour Group Corporation (SKYH) operates at the intersection of aviation infrastructure and specialized facility management, focusing on business aviation hangar solutions. This news hub provides investors and industry stakeholders with centralized access to official announcements, strategic developments, and operational updates.
Our curated collection features verified press releases covering facility expansions, leasing agreements, and market positioning strategies. Users will find updates on the company's proprietary approach to addressing hangar capacity imbalances at key U.S. airfields, along with service enhancements for business aircraft operators.
Key content categories include financial disclosures, partnership announcements, and infrastructure project milestones. The repository serves as an essential resource for tracking SKYH's progress in developing integrated aviation campuses that combine physical infrastructure with operational support services.
Bookmark this page for streamlined access to primary source materials about SKYH's unique business model. Regular updates ensure you maintain current awareness of the company's initiatives in the specialized aviation real estate sector.
Sky Harbour Group (NYSE: SKYH) has announced a new ground lease agreement with the Port of Portland to develop a Home Base hangar campus at Hillsboro Airport (HIO), serving Portland and Hillsboro, Oregon. The development will span approximately 13 acres in two phases and is expected to generate hundreds of local jobs.
The campus will feature state-of-the-art hangars for corporate and private business jets, with dedicated line services for based tenants. Hillsboro Airport becomes Sky Harbour's 18th host airport, joining existing operations across multiple locations including Houston, Nashville, Miami, San Jose, and others.
The facility will include hangar space accommodating various business aircraft sizes, office space, operational infrastructure, and extensive ramp and automobile parking. This expansion represents Sky Harbour's commitment to building a nationwide network of Home-Basing campuses for business aircraft.
Sky Harbour Group Corp. (NYSE: SKYH) demonstrated strong performance in FY24, achieving significant growth despite challenging economic conditions. The company reported consolidated revenues of $14.8M, marking a substantial 95% year-over-year increase from FY23.
Key operational highlights include the introduction of the SH-37 hangar product, a proprietary large-hangar model designed for modern business jets. The company's infrastructure portfolio expanded significantly, with total leasable space reaching approximately 580,000 square feet, while maintaining solid occupancy rates across operational campuses. Additionally, SKYH has over 2.1 million square feet currently under construction or development.
Sky Harbour Group (NYSE: SKYH) reported strong financial results for 2024, with full-year consolidated revenues increasing 95% compared to 2023. The company's constructed assets exceeded $250 million, with consolidated cash and US Treasuries totaling $127 million at year-end.
Key operational highlights include:
- Positive operating cash flow of $6.5 million for Sky Harbour Capital in 2024
- New hangar campus lease secured at King County International Airport – Boeing Field
- Opening of new campuses in Phoenix, Dallas (Addison), and Denver
- Completion of CloudNine and Sky 805 acquisition at Camarillo Airport
- Successful closing of PIPE financing raising $75 million at $9.50 per share
The company maintains its guidance for reaching breakeven operating cash flow/adjusted EBITDA by year-end 2025 and expects to announce six additional hangar ground leases by end of 2025, targeting a total portfolio of 23 airport ground leases.
Sky Harbour Group Corp. (NYSE: SKYH) has received coverage initiation from Stonegate Capital Partners following a strong FY24 performance. The company demonstrated resilience amid economic challenges like inflation and rising interest rates while focusing on aviation infrastructure expansion.
Key highlights include:
- A significant 64% year-over-year increase in lease revenue
- Plans to commence Phase-1 development projects at 6-7 new airport campuses
- Projected acquisition of seven new ground leases by the end of FY25
The company's achievements encompassed completing major construction projects, securing new leases, and maintaining strong occupancy rates. Their strategic investments in new developments and operational excellence have positioned them favorably for future growth.
Sky Harbour Group (NYSE American: SKYH), an aviation infrastructure company developing a nationwide network of Home-Basing campuses for business aircraft, has scheduled its Full Year 2024 financial results announcement and Form 10-K filing for March 27, 2025, after market close.
The company will host an investor webcast at 5:00 pm ET the same day, featuring a review of quarterly and annual financial results, a general business update, and a Q&A session with leadership. The webcast will be accessible through the company's investor relations website and will be available for replay after the event.
Sky Harbour Group (NYSE: SKYH), an aviation infrastructure company building a nationwide network of Home-Basing campuses for business aircraft, has announced two significant events. First, the company will ring the NYSE Closing bell on Tuesday, January 28th to celebrate its uplisting to the NYSE from NYSE American and its third anniversary as a public company. Trading of the company's stock and warrants on NYSE will commence on Monday, January 27th.
Additionally, Sky Harbour has revealed its investor conference schedule for the first half of 2025, which includes five major events: The Microcap Conference in Atlantic City (January 28-30), LD Micro Summit in Fort Lauderdale (February 3-4), J.P. Morgan Public Finance Forum in New York (March 26), LD Micro Invitational XV in New York (April 9-10), and B. Riley Institutional Investor Conference in Los Angeles (May 20-22). Management will attend all events in person, offering group presentations and one-on-one investor meetings.
Sky Harbour Group (NYSE American: SKYH), an aviation infrastructure company, announced the completion of the second closing of its equity raise.
The company issued an additional 3,955,790 PIPE shares of its Class A Common Stock, generating net proceeds of approximately $37.6 million at a sale price of $9.50 per share. Aggregate proceeds from both closings totaled around $75.2 million. The company plans to issue approximately $150 million in new private activity debt financing in the first half of 2025. Combined proceeds from both financings and existing cash on hand, approximately $240 million, will support phase-1 development projects at 6-7 new airport campuses, adding about 800,000 rentable square feet.
Sky Harbour expects to secure seven new ground leases by the end of 2025, expanding its portfolio to 23 airports. Notable participants in the equity raise included affiliates of Altai Capital and Raga Partners, Boulderado, and new long-term investors. The company expressed gratitude for the strategic investors and emphasized its commitment to conservative liquidity and capital management.
Sky Harbour Group (NYSE: SKYH) has signed a lease agreement with Mercer County to develop a new Sky Harbour Home Base campus at Trenton-Mercer Airport (TTN). The development, planned on approximately 10 acres, is expected to generate hundreds of local jobs and economic benefits for Mercer County. The facility will include state-of-the-art hangars for business jets, dedicated line services, office space, operational infrastructure, and parking facilities.
TTN becomes Sky Harbour's fourth airport serving the New York Metro area, joining a network of operational campuses in Houston, Nashville, Miami, San Jose, and Camarillo, along with multiple locations under development. The strategic location will serve Southern New Jersey and the New York and Philadelphia metro markets.
Sky Harbour Group (SKYH) announced its approval for uplisting from NYSE American to the New York Stock Exchange (NYSE). Trading of the company's common stock and warrants will cease on NYSE American after market close on January 24, 2025, and begin on NYSE on January 27, 2025, maintaining the symbols 'SKYH' and 'SKYH WS'.
The aviation infrastructure company, which builds nationwide home-basing campuses for business aircraft, has been listed on NYSE American since early 2022. The uplisting is expected to enhance visibility, expand investor base, and increase liquidity for public stockholders.
Sky Harbour Group (NYSE American: SKYH, SKYH WS) announced the acquisition of CloudNine at Camarillo Airport, serving Greater Los Angeles. The acquisition includes a 120,000 sq. ft. hangar and office complex, and Sky 805, which holds ground leases and fixed-based operator rights. The transaction, valued at $31 million, was primarily used to settle existing debt obligations at a 10% discount. The rebranded CloudNine will function as a Sky Harbour Home-Basing campus, while Sky 805 will continue operating Channel Islands Aviation FBO. This acquisition adds to Sky Harbour's network of campuses in Houston, Nashville, Miami, and San Jose, and those under development in several other cities. CEO Tal Keinan highlighted the strategic importance of the acquisition, citing the Los Angeles Metro as a top business aviation market. CFO Francisco X Gonzalez noted the acquisition's immediate positive impact on operating cash flow and earnings, with significant future upside potential.
