Sky Harbour Announces New Portland (Oregon) Campus Development at Hillsboro Airport (HIO)
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 (NYSE: SKYH) ha annunciato un nuovo accordo di locazione a terra con il Porto di Portland per sviluppare un campus Home Base con hangar presso l'aeroporto di Hillsboro (HIO), che serve Portland e Hillsboro, Oregon. Lo sviluppo coprirà circa 13 acri in due fasi e si prevede che creerà centinaia di posti di lavoro locali.
Il campus includerà hangar all'avanguardia per jet aziendali e privati, con servizi dedicati per i locatari fissi. L'aeroporto di Hillsboro diventa il diciottesimo aeroporto ospitante di Sky Harbour, unendosi alle operazioni esistenti in diverse località tra cui Houston, Nashville, Miami, San Jose e altre.
La struttura comprenderà spazi per hangar adatti a diversi tipi di velivoli aziendali, uffici, infrastrutture operative e ampi parcheggi per rampe e automobili. Questa espansione rappresenta l'impegno di Sky Harbour nel costruire una rete nazionale di campus Home-Basing per aeromobili aziendali.
Sky Harbour Group (NYSE: SKYH) ha anunciado un nuevo contrato de arrendamiento terrestre con el Puerto de Portland para desarrollar un campus Home Base con hangares en el Aeropuerto de Hillsboro (HIO), que sirve a Portland y Hillsboro, Oregon. El desarrollo abarcará aproximadamente 13 acres en dos fases y se espera que genere cientos de empleos locales.
El campus contará con hangares de última generación para jets corporativos y privados, con servicios dedicados para los inquilinos permanentes. El Aeropuerto de Hillsboro se convierte en el decimoctavo aeropuerto anfitrión de Sky Harbour, uniéndose a operaciones existentes en múltiples ubicaciones como Houston, Nashville, Miami, San José y otras.
La instalación incluirá espacio para hangares que acomodan varios tamaños de aeronaves de negocios, oficinas, infraestructura operativa y amplios estacionamientos para plataformas y automóviles. Esta expansión representa el compromiso de Sky Harbour de construir una red nacional de campus Home-Basing para aeronaves de negocios.
Sky Harbour Group (NYSE: SKYH)는 포틀랜드 항만과 새로운 토지 임대 계약을 체결하여 오리건주 포틀랜드와 힐스보로를 서비스하는 힐스보로 공항(HIO)에 홈 베이스 행거 캠퍼스를 개발할 예정입니다. 이 개발은 약 13에이커에 걸쳐 두 단계로 진행되며 수백 개의 지역 일자리를 창출할 것으로 예상됩니다.
캠퍼스는 법인 및 개인 비즈니스 제트를 위한 최첨단 행거와 기반 임차인을 위한 전용 라인 서비스를 갖추게 됩니다. 힐스보로 공항은 휴스턴, 내슈빌, 마이애미, 산호세 등 여러 지역에서 운영 중인 스카이 하버의 18번째 호스트 공항이 됩니다.
시설에는 다양한 크기의 비즈니스 항공기를 수용할 수 있는 행거 공간, 사무실 공간, 운영 인프라, 넓은 램프 및 자동차 주차장이 포함될 예정입니다. 이번 확장은 비즈니스 항공기를 위한 전국적인 홈 베이싱 캠퍼스 네트워크 구축에 대한 스카이 하버의 의지를 보여줍니다.
Sky Harbour Group (NYSE : SKYH) a annoncé un nouvel accord de bail foncier avec le port de Portland pour développer un campus Home Base avec hangars à l'aéroport de Hillsboro (HIO), desservant Portland et Hillsboro, Oregon. Le développement s'étendra sur environ 13 acres en deux phases et devrait générer des centaines d'emplois locaux.
Le campus comprendra des hangars ultramodernes pour jets d'affaires et privés, avec des services dédiés pour les locataires basés sur place. L'aéroport de Hillsboro devient le 18e aéroport hôte de Sky Harbour, rejoignant les opérations existantes dans plusieurs emplacements, dont Houston, Nashville, Miami, San Jose, et d'autres.
Les installations incluront des espaces de hangar adaptés à différentes tailles d'avions d'affaires, des bureaux, des infrastructures opérationnelles, ainsi que de vastes parkings pour les aires de stationnement et les automobiles. Cette expansion illustre l'engagement de Sky Harbour à construire un réseau national de campus Home-Basing pour les avions d'affaires.
Sky Harbour Group (NYSE: SKYH) hat eine neue Grundpachtvereinbarung mit dem Hafen von Portland angekündigt, um einen Home Base Hangar-Campus am Hillsboro Airport (HIO), der Portland und Hillsboro, Oregon, bedient, zu entwickeln. Die Entwicklung wird sich über etwa 13 Acres in zwei Phasen erstrecken und soll hunderte lokale Arbeitsplätze schaffen.
Der Campus wird hochmoderne Hangars für Geschäfts- und Privatjets bieten, mit dedizierten Liniendiensten für ansässige Mieter. Der Hillsboro Airport wird zum 18. Gastgeber-Flughafen von Sky Harbour und ergänzt bestehende Standorte in Houston, Nashville, Miami, San Jose und weiteren.
Die Einrichtung umfasst Hangarflächen für verschiedene Größen von Geschäftsflugzeugen, Büroflächen, operative Infrastruktur sowie umfangreiche Rampen- und Pkw-Parkplätze. Diese Erweiterung unterstreicht Sky Harbours Engagement, ein landesweites Netzwerk von Home-Basing-Campus für Geschäftsflugzeuge aufzubauen.
- Geographic expansion to 18th location demonstrates strong growth trajectory
- Project expected to generate hundreds of local jobs and economic benefits
- Strategic location in top Business Aviation Home Basing market
- None.
Insights
Sky Harbour's latest expansion into Hillsboro Airport represents strategic geographic diversification that strengthens their nationwide network of premium hangar facilities. This two-phase development on approximately 13 acres follows the company's established pattern of securing long-term ground leases at key business aviation hubs.
What's notable about this deal is the Port of Portland partnership, which gives Sky Harbour access to Oregon's largest business aviation market. Hillsboro serves as the primary business aviation airport for Portland's corporate community, positioning this as a potentially high-demand location. The development will create significant real estate value conversion - transforming raw airport land into specialized infrastructure commanding premium leasing rates.
This expansion represents Sky Harbour's 18th location, establishing a critical mass of facilities that creates network effects for corporate clients with multiple bases of operation. The company's aggressive expansion (with 8 operational campuses and 10 in development) demonstrates effective execution of their land acquisition strategy.
While financial terms weren't disclosed, these ground lease agreements typically involve minimal upfront costs with long-term revenue generation potential once operational. The projected creation of "hundreds of jobs" suggests a substantial development that should meaningfully contribute to Sky Harbour's operational footprint and revenue base once completed.
Sky Harbour's expansion into Hillsboro Airport (HIO) represents a calculated move to capture demand in the Portland metro area's business aviation market. HIO is strategically important as Portland's primary general aviation facility and ranks among Oregon's busiest airports.
The company's "Home-Basing" business model targets a premium segment of the aviation market - corporate flight departments and high-net-worth aircraft owners seeking dedicated infrastructure. This differentiates Sky Harbour from traditional FBOs (Fixed Base Operators) that primarily serve transient traffic. By focusing exclusively on based tenants, they've created operational efficiencies while delivering enhanced service levels to a sticky customer base.
Portland represents a logical expansion market with its strong corporate presence including Intel, Nike, and Columbia Sportswear - companies that typically operate business aircraft. The regional business climate and geographic position make it a natural addition to Sky Harbour's west coast presence that already includes Seattle, San Jose, and Camarillo.
The company's accelerating development pipeline (now 18 locations) demonstrates momentum in securing prime airport real estate - a resource with high barriers to entry. This nationwide network creates competitive advantages through scale, standardization, and the ability to serve corporate clients with multiple aircraft bases.
This development continues Sky Harbour's pattern of strategic expansion into key business aviation markets, solidifying their specialized position in the business aviation infrastructure segment.
The Sky Harbour campus, a two-phase development on approximately 13 acres, is expected to create or sustain hundreds of local jobs and generate significant economic benefits for the greater
Hillsboro Airport, Sky Harbour’s 18th host 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, “The Port of
“We’re excited to welcome Sky Harbour to the
Sky Harbour’s facility at HIO 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 Hillsboro Airport
Hillsboro Airport, established in 1928 and acquired by the Port of
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, 2024 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250415596102/en/
Sky Harbour Airport Relations: estolpman@skyharbour.group
Sky Harbour Resident Relations: jmcclintock@skyharbour.group
Sky Harbour Investor Relations: investors@skyharbour.group Attn: Francisco Gonzalez
Source: Sky Harbour Group Corporation
FAQ
What is the size and scope of Sky Harbour's (SKYH) new Portland development project?
How many jobs will Sky Harbour's (SKYH) Hillsboro Airport project create?
How many airports does Sky Harbour (SKYH) now operate in with the addition of Hillsboro?
What facilities will be included in Sky Harbour's (SKYH) Hillsboro Airport campus?
