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Sky Harbour Announces Two New Hangar Campus Developments at Dallas Love Field (DAL) and Dallas Executive Airport (RBD) and Financing Updates
Businesswire· 2025-12-11 13:05
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]