WEST HARRISON, N.Y.–(BUSINESS WIRE)–Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS), an aviation infrastructure company building the first nationwide network of Home-Basing campuses for business aircraft, announced the execution of a new ground lease agreement with the Port of Portland for the development of a Sky Harbour Home Base hangar campus at Hillsboro Airport (HIO), serving Portland, OR, and the City of Hillsboro, OR.
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 Portland area and Washington County. The campus will offer “the best home base in business aviation” to house Oregon’s top corporate and privately-owned business jets in state-of-the art hangars, with line services dedicated exclusively to based tenants, offering “the shortest time to wheels-up in business aviation.”
Hillsboro Airport, Sky Harbour’s 18th host airport, joins Sky Harbour campus locations now operating at Houston’s Sugar Land Regional Airport (SGR), Nashville International Airport (BNA), Miami Opa-Locka Executive Airport (OPF), San Jose Mineta Airport (SJC), Camarillo Airport (CMA), King County International Airport – Boeing Field (BFI), Phoenix Deer Valley Airport (DVT), and Dallas Addison Airport (ADS); and campuses in development at Denver Centennial Airport (APA), Chicago Executive Airport (PWK), Bradley International Airport (BDL), Hudson Valley Regional Airport (POU), Orlando Executive Airport (ORL), Dulles International Airport (IAD), Stewart International Airport (SWF), Salt Lake City International Airport (SLC), and Trenton-Mercer Airport (TTN), with additional campuses soon to be announced.
Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “The Port of Portland has been an outstanding partner, welcoming Sky Harbour to one of the top Business Aviation Home Basing markets in the country. We are eager to fulfil our commitment to modernization and service to the Hillsboro Airport, to the Portland Business Aviation community, and to the citizens of Washington County. The Sky Harbour campus will be another best-in-class facility with outstanding operational leadership driving uncompromising standards for business aviation safety and efficiency.”
“We’re excited to welcome Sky Harbour to the Portland metro area,” said Chris Czarnecki, Director of Aviation Business and Properties at the Port of Portland. “This agreement underscores Hillsboro Airport’s status as an important hub for business aviation which brings investment, jobs, and revenue directly into Hillsboro and communities throughout our region.”
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 the United States. Sky Harbour’s Home-Bases offering aims to provide private and corporate residents with the best physical infrastructure in business aviation, coupled with dedicated service, tailored specifically to based aircraft, offering the shortest time to wheels-up in business aviation. To learn more, visit www.skyharbour.group.
About Hillsboro Airport
Hillsboro Airport, established in 1928 and acquired by the Port of Portland in 1966, is Oregon’s second-busiest airport. Located on approximately 950 acres, it features three runways, a Federal Aviation Administration air traffic control tower, and an instrument landing system. The airport hosts over 25 businesses, including local corporate and charter services, air ambulance transport, flight schools and other educational resources, aircraft maintenance and repair operations, and U.S. Customs and Border Protection services for international flights.
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.
Contacts
Sky Harbour Airport Relations: [email protected]
Sky Harbour Resident Relations: [email protected]
Sky Harbour Investor Relations: [email protected] Attn: Francisco Gonzalez
