WEST HARRISON, N.Y--(BUSINESS WIRE)--Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) ("SHG†or the "Company†), an aviation infrastructure company building the first nationwide network of Home Base Operator (HBO) campuses for business aircraft, announced today that its indirect, wholly-owned subsidiary Sky Harbour Capital III LLC ("SKYH Capital III†) priced its Series 2026 Aviation Facilities Project bonds (the "Series 2026 Bonds†) at a yield of 6.0%. The Series 2026 Bonds were priced at par, carry ...

Core Viewpoint - Sky Harbour Group Corporation is advancing its position in the aviation infrastructure sector by establishing a nationwide network of Home Base Operator campuses for business aircraft [1] Group 1 - Sky Harbour Group Corporation announced that its subsidiary, Sky Harbour Capital III LLC, is filing a Preliminary Limited Offering Statement with the Municipal Securities Rulemaking Board [1]

Core Insights - Sky Harbour Group Corporation is expanding its network by developing Home Base Operator campuses at Dallas Love Field and Dallas Executive Airport, authorized by the Dallas City Council [1][2] - The new campuses will enhance the infrastructure for corporate and private business aircraft, creating hundreds of local jobs and providing significant economic benefits to the Dallas area [2][4] - With the addition of these two locations, Sky Harbour's network will grow to 23 airports across the United States, with nine currently operational and fourteen under development [3] Company Developments - The Dallas campuses will feature six 37,000-square-foot hangars designed for late-model business aircraft, along with tailored office and lounge suites [4] - The CEO of Sky Harbour emphasized the strategic clustering of campuses in major business aviation markets to provide tailored solutions and operational benefits [4] - The City of Dallas expressed optimism about the long-term economic impact of Sky Harbour's presence at its airports [4] Financial Updates - On December 9, the company secured a $15 million corporate loan with an 18-month term at an interest rate of 7.75%, intended for general corporate purposes [5] - Stratus Building Systems, a subsidiary, closed a $9.5 million commercial term loan to refinance existing debt, with a floating interest rate for the first year [6]

Company Overview - Sky Harbour Group Corporation is an aviation infrastructure company focused on developing the first nationwide network of Home-Basing campuses for business aircraft [4] - The company aims to provide private and corporate residents with superior physical infrastructure in business aviation, along with dedicated services tailored to based aircraft [4] Event Announcement - Sky Harbour's Treasurer, Tim Herr, will present at NobleCon21, the Twenty First Annual Emerging Growth Equity Conference hosted by Noble Capital Markets [1] - The presentation is scheduled for December 3rd at 3:30 PM Eastern Standard Time at Florida Atlantic University [1] Investor Engagement - Interested investors and guests can attend the conference at a discounted rate using the code SKYHNOBLECON [2] - A high-definition video webcast of the presentation will be available the following day and archived for 90 days on Noble Capital Markets' Conference website and Channelchek [3]

Core Insights - Jacobs has been selected to lead the program and construction management for a $1.6 billion modernization project at Cleveland Hopkins International Airport, named CLEvolution, aimed at enhancing the airport experience for travelers [1][2][3] Project Overview - The CLEvolution program is designed to modernize aging infrastructure, improve accessibility, and enhance passenger flow at Ohio's busiest airport [2] - The first phase of the project will include a redesigned terminal entrance, a consolidated TSA checkpoint, a new international arrivals area, and expanded parking facilities [5] Company Background - Jacobs is recognized as the top-ranked aviation firm by Engineering News-Record and has extensive experience with major U.S. airports [3][4] - The company reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing a wide range of services across various sectors [4]

Core Viewpoint - Sky Harbour Group Corporation reported significant growth in Q3 2025, with a 78.2% increase in consolidated revenues compared to Q3 2024, and reiterated its guidance for reaching operating cash-flow breakeven by year-end 2025 [5][12]. Financial Highlights - Constructed assets and construction in progress reached over $308 million, an increase of $108 million year-over-year [5]. - Q3 2025 consolidated revenues increased by 78.2% year-over-year and 10.8% compared to the prior quarter [5]. - Net cash used in operating activities was approximately $0.9 million for Q3 2025, down from $1.2 million in Q3 2024 [5]. - As of September 30, 2025, consolidated cash and US Treasuries totaled $47.9 million, with access to a $200 million construction warehouse bank facility [5]. - Q3 2025 Obligated Group revenues increased approximately 8.2% over the prior quarter, with net cash generated from operating activities reaching approximately $4.2 million, a 92.2% increase from the prior quarter [5]. Update on Construction and Development Activities - Miami Opa Locka Phase 2 is expected to be completed by Q2 2026, adding 111,720 rentable square feet [9]. - Bradley International Airport broke ground in October 2025, expected to be completed in Q4 2026 [9]. - Site work has commenced at Salt Lake City International Airport, with full construction permit expected soon [9]. - Dallas Addison Phase 2 demolition work is nearing completion [9]. Update on Leasing Activities - Dallas Addison Phase 1 and Phoenix Deer Valley Phase 1 have surpassed 50% occupancy [9]. - A preleasing pilot program has been adopted as a permanent program, with binding leases in place at Bradley International Airport and Dulles International Airport [9]. - A binding Letter of Intent has been executed with a JV Partner for a hangar at Miami Opa Locka, involving a $30.75 million cash payment [9]. Update on Airport Operations - The company currently operates campuses at nine airports and plans to reach a total of 23 airports in operation or development by the end of 2025 [9]. - Surveys indicate that Sky Harbour's HBO service offering is well-received, providing a distinct value proposition for residents [9]. Update on Capital Formation - The company entered into a $200 million construction warehouse facility with JPMorgan Chase Bank, with a fixed interest rate of 4.73% locked in through an interest rate swap [15]. - The facility is expandable to $300 million subject to credit approval, with no funds drawn yet [15]. - The company is exploring financing options to minimize capital costs as its development pipeline grows [15].

Core Viewpoint - Sky Harbour Group Corporation is set to release its Third Quarter 2025 financial results on November 12, 2025, and will host a webcast investor call to discuss these results and provide a business update [1][2]. Company Overview - Sky Harbour Group Corporation is an aviation infrastructure company focused on developing a nationwide network of Home-Basing campuses for business aircraft, offering general aviation hangars across the United States [3]. Upcoming Events - The financial results will be filed with the SEC after market close on November 12, 2025, followed by a webcast at 5:00 pm ET, which will include a Q&A session with company leadership [1][2]. Financial Instruments - The company has executed a floating-to-fixed interest rate swap with J.P. Morgan, locking in a fixed rate of 4.73% on a $200 million tax-exempt warehouse facility [7].

Core Insights - Sky Harbour Group Corporation has signed a ground lease agreement with the City of Long Beach, California, to develop a Home Base Operator (HBO) campus at Long Beach Airport (LGB), enhancing its nationwide network for business aircraft [1][2]. Development Details - The Long Beach campus will span approximately 17 acres and is designed to provide state-of-the-art hangars for corporate and private jets, with dedicated line services for based tenants, aiming for the shortest time to wheels-up in business aviation [2][4]. - The project is expected to create or sustain hundreds of local jobs and generate significant economic benefits for Southern California [2]. Existing and Future Campuses - Long Beach Airport becomes the 19th home-base airport for Sky Harbour, joining existing campuses in locations such as Houston, Nashville, Miami, and others, with additional campuses planned for cities like Chicago, New York, and Orlando [3]. Leadership and Community Impact - CEO Tal Keinan emphasized Long Beach's role as a hub for innovation in aerospace technology and the importance of business aviation in driving economic growth in the region [4]. - Long Beach Airport Director Cynthia Guidry highlighted the agreement's significance in reinforcing Long Beach as a key business aviation hub, contributing to local investment, job creation, and revenue [4].

Core Viewpoint - Sky Harbour Group Corporation has announced a floating-to-fixed interest rate swap with JPMorgan Chase Bank, resulting in a fixed interest rate of 4.73% on its $200 million tax-exempt warehouse facility [1] Group 1 - The company is focused on building the first nationwide Home Base Operator (HBO) network for business aircraft [1] - The interest rate swap is for a duration of 5 years [1] - The tax-exempt warehouse facility is associated with Sky Harbour Capital II LLC [1]

Core Insights - Sky Harbour Group Corporation will present at the LD Micro Main Event XIX on October 21st at 9:00 am PT [2] - The event will feature around 120 companies presenting and conducting one-on-one investor meetings [6] Company Overview - Sky Harbour Group Corporation is focused on developing a nationwide network of Home-Basing campuses for business aircraft, providing infrastructure and dedicated services for general aviation [7] Event Details - The LD Micro Main Event XIX will take place from October 19th to 21st at the Hotel del Coronado in San Diego, California, including keynote speakers and a closing reception [5] - The first day will involve registration and keynote speakers, followed by two days of company presentations [5]