Sky Harbour Announces New Campus Development at Trenton-Mercer Airport
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 (NYSE: SKYH) ha firmato un contratto di locazione con la Contea di Mercer per sviluppare un nuovo campus Sky Harbour Home Base all'Aeroporto di Trenton-Mercer (TTN). Lo sviluppo, previsto su una superficie di circa 10 acri, dovrebbe generare centinaia di posti di lavoro locali e benefici economici per la Contea di Mercer. La struttura includerà hangar all'avanguardia per jet aziendali, servizi dedicati per le linee aeree, spazi per uffici, infrastrutture operative e aree di parcheggio.
TTN diventa il quarto aeroporto di Sky Harbour a servire l'area metropolitana di New York, unendosi a una rete di campus operativi a Houston, Nashville, Miami, San Jose e Camarillo, insieme a diversi altri siti in fase di sviluppo. La posizione strategica servirà il Sud del New Jersey e i mercati metropolitani di New York e Philadelphia.
Sky Harbour Group (NYSE: SKYH) ha firmado un contrato de arrendamiento con el Condado de Mercer para desarrollar un nuevo campus Sky Harbour Home Base en el Aeropuerto de Trenton-Mercer (TTN). Se espera que el desarrollo, planificado en aproximadamente 10 acres, genere cientos de empleos locales y beneficios económicos para el Condado de Mercer. La instalación incluirá hangares de última generación para jets privados, servicios dedicados, espacios de oficina, infraestructura operativa y áreas de estacionamiento.
TTN se convierte en el cuarto aeropuerto de Sky Harbour que sirve al área metropolitana de Nueva York, uniéndose a una red de campus operativos en Houston, Nashville, Miami, San José y Camarillo, además de múltiples ubicaciones en desarrollo. La ubicación estratégica atenderá el sur de Nueva Jersey y los mercados metropolitanos de Nueva York y Filadelfia.
Sky Harbour Group (NYSE: SKYH)는 머서 카운티와 계약을 체결하여 트렌턴-머서 공항(TTN)에 새로운 스카이 하버 홈 베이스 캠퍼스를 개발합니다. 약 10에이커에 계획된 이 개발은 지역 사회에 수백 개의 일자리와 경제적 이익을 창출할 것으로 예상됩니다. 시설에는 비즈니스 제트기를 위한 최첨단 격납고, 전용 라인 서비스, 사무 공간, 운영 인프라 및 주차 시설이 포함될 것입니다.
TTN은 스카이 하버가 뉴욕 메트로 지역에서 운영하는 네 번째 공항이 되며, 휴스턴, 내슈빌, 마이애미, 산호세 및 카마릴로의 운영 캠퍼스 네트워크에 합류하고 추가 개발 중인 여러 위치가 있습니다. 이 전략적 위치는 뉴저지 남부와 뉴욕 및 필라델피아 메트로 시장을 서비스할 것입니다.
Sky Harbour Group (NYSE: SKYH) a signé un contrat de location avec le comté de Mercer pour développer un nouveau campus Sky Harbour Home Base à l'aéroport de Trenton-Mercer (TTN). Le développement, prévu sur environ 10 acres, devrait générer des centaines d'emplois locaux et des avantages économiques pour le comté de Mercer. L'installation comprendra des hangars à la pointe de la technologie pour les jets d'affaires, des services de ligne dédiés, des bureaux, des infrastructures opérationnelles et des installations de stationnement.
TTN devient le quatrième aéroport de Sky Harbour à desservir la région métropolitaine de New York, rejoignant un réseau de campus opérationnels à Houston, Nashville, Miami, San José et Camarillo, ainsi que plusieurs emplacements en cours de développement. L'emplacement stratégique desservira le sud du New Jersey ainsi que les marchés métropolitains de New York et de Philadelphie.
Sky Harbour Group (NYSE: SKYH) hat einen Pachtvertrag mit dem Mercer County unterzeichnet, um einen neuen Sky Harbour Home Base Campus am Trenton-Mercer Airport (TTN) zu entwickeln. Die Entwicklung, die auf etwa 10 Acres geplant ist, wird voraussichtlich Hunderte von Arbeitsplätzen vor Ort schaffen und wirtschaftliche Vorteile für den Mercer County bringen. Die Einrichtung wird modernste Hangars für Geschäftsflugzeuge, spezielle Leitungsdienste, Büroflächen, betriebliche Infrastruktur und Parkmöglichkeiten umfassen.
TTN wird der vierte Flughafen von Sky Harbour, der das New Yorker Ballungsgebiet bedient, und reiht sich in ein Netzwerk von Betriebsstandorten in Houston, Nashville, Miami, San Jose und Camarillo ein, zusätzlich zu mehreren Standorten in Entwicklung. Die strategische Lage wird den Süden von New Jersey sowie die Metropolregionen New York und Philadelphia bedienen.
- Expansion into strategic location serving three major markets (NY, NJ, Philadelphia)
- Expected to create hundreds of local jobs
- Addition of approximately 10 acres of development space
- Strengthens presence in NY Metro area as fourth airport in the region
- None.
Insights
The execution of this lease agreement at Trenton-Mercer Airport represents a strategic expansion in Sky Harbour's portfolio of private aviation facilities. The development aligns with high-value market dynamics, targeting the affluent New York and Philadelphia metro areas where private aviation demand remains robust. The 10-acre development will likely require
The location selection is particularly shrewd - TTN offers superior accessibility to both NYC and Philadelphia while avoiding the congestion and higher costs associated with major airports. This positions Sky Harbour to capture premium rates from corporate clients seeking convenient access to these major business centers. The company's expanding footprint across 15+ locations creates valuable network effects and economies of scale in operations and marketing.
The development risk appears manageable given Sky Harbour's proven track record in similar markets and the strong local government support evidenced by the county executive's endorsement. The project should generate stable, long-term lease revenues once operational, enhancing the company's recurring revenue base.
This expansion marks Sky Harbour's strategic positioning in the high-growth private aviation sector. The Trenton-Mercer location is particularly valuable as it becomes their fourth facility serving the New York metro area, demonstrating strong market penetration in one of the world's most lucrative private aviation markets. Their "shortest time to wheels-up" value proposition addresses a critical pain point for business aviation customers where time efficiency is paramount.
The company's rapid expansion across multiple strategic locations suggests strong market validation of their business model. Their focus on dedicated tenant services rather than transient traffic creates more predictable revenue streams and higher customer retention. The standardization of facilities across locations enables operational efficiencies and consistent service delivery, critical factors for corporate clients with multiple bases of operation.
The Sky Harbour campus, to be developed on approximately 10 acres, is expected to create or sustain hundreds of local jobs and generate significant economic benefits for
Trenton-Mercer Airport joins Sky Harbour campus locations now operating at Houston’s Sugar Land Regional Airport (SGR),
Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “Trenton-Mercer, TTN, serves
“We’re excited to welcome Sky Harbour to
Sky Harbour’s facility will include hangar space to house the latest business aircraft of all sizes, adjacent office space, critical operational infrastructure, and significant ramp and automobile parking.
About Sky Harbour
Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangar campuses across
About Trenton-Mercer Airport
Opening in 1929 to much fanfare, Trenton-Mercer Airport (TTN) has been providing a convenient, safe mode of transit to the
Forward Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the expectations regarding future operations at SHG and its subsidiaries. When used in this press release, the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of the Company as applicable and are inherently subject to uncertainties and changes in circumstances. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. For more information about risks facing the Company, see the Company’s annual report on Form 10-K for the year ended December 31, 2023 and other filings the Company makes with the SEC from time to time. The Company’s statements herein speak only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Sky Harbour Airport Relations: nszymczak@skyharbour.group
Sky Harbour Resident Relations: asigourney@skyharbour.group
Sky Harbour Investor Relations: investors@skyharbour.group Attn: Francisco Gonzalez
Source: Sky Harbour Group Corporation
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