Sky Harbour Group Corporation Announces Expansion of Dallas-Area Hangar Campus
19 Enero 2023 - 4:08PM
Business Wire
Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS)
(“SHG” or the “Company”), an aviation infrastructure company
building the first nationwide network of Home-Basing Solutions for
business aircraft, announced that it has executed an agreement with
the Town of Addison, Texas, approximately doubling Sky Harbour’s
footprint at Dallas’s Addison Airport (ADS). Under the amended ADS
lease, Sky Harbour’s rentable square footage at ADS will grow to
approximately 195,000.
Tal Keinan, Chairman and Chief Executive Officer, commented,
“Dallas is among the largest business jet hubs in the country and
one of Sky Harbour’s strongest markets. Addison is positioned in a
prime location within the Dallas metro center and enjoys
outstanding airport management. We believe the expanded Sky Harbour
campus will strengthen Addison’s position as the airport of choice
for many of Dallas’s top private and corporate flight
departments.”
Sky Harbour campuses are open and operating at Houston’s Sugar
Land Regional Airport (“SGR”) and Nashville International Airport
(“BNA”). Sky Harbour’s Miami Opa-Locka Executive Airport (“OPF”)
campus is in Operational Certification testing, with opening
planned for early February. Sky Harbour recently broke ground on
new campuses at Denver Centennial Airport (“APA”) and Phoenix Deer
Valley Airport (“DVT”).
About Sky Harbour Group Corporation
Sky Harbour Group Corporation is an aviation infrastructure
company developing the first nationwide network of Home-Basing
Solutions for business aircraft. The company develops, leases and
manages general aviation hangars across the United States. Sky
Harbour’s Home Basing Solution aims to provide private and
corporate customers with the best physical infrastructure in
business aviation, coupled with dedicated service tailored to based
aircraft, offering the shortest time to wheels-up in business
aviation. To learn more, visit www.skyharbour.group.
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 financial condition, results of
operations, earnings outlook and prospects of SHG may include
statements for the period following the consummation of the
business combination. 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 SHG as
applicable and are inherently subject to uncertainties and changes
in circumstances and their potential effects and speak only as of
the date of such statement. There can be no assurance that future
developments will be those that have been anticipated. 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. These risks and uncertainties include,
but are not limited to, those discussed and identified in the
public filings made or to be made with the SEC by SHG, including
the filings described above, regarding the following: expectations
regarding SHG’s strategies and future financial performance,
including its future business plans, expansion plans or objectives,
prospective performance and opportunities and competitors,
revenues, products and services, pricing, operating expenses,
market trends, liquidity, cash flows and uses of cash, capital
expenditures, and SHG’s ability to invest in growth initiatives;
SHG’s ability to scale and build the hangars currently under
development or planned in a timely and cost-effective manner; the
implementation, market acceptance and success of SHG’s business
model and growth strategy; the success or profitability of SHG’s
hangar facilities; SHG’s future capital requirements and sources
and uses of cash; SHG’s ability to obtain funding for its
operations and future growth; developments and projections relating
to SHG’s competitors and industry; the ability to recognize the
anticipated benefits of the business combination; geopolitical risk
and changes in applicable laws or regulations; the possibility that
SHG may be adversely affected by other economic, business, and/or
competitive factors; operational risk; risk that the COVID-19
pandemic, and local, state, and federal responses to addressing the
pandemic may have an adverse effect on SHG’s business operations,
as well as SHG’s financial condition and results of operations.
Should one or more of these risks or uncertainties materialize or
should any of the assumptions made by the management of SHG prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. SHG 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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version on businesswire.com: https://www.businesswire.com/news/home/20230119005915/en/
Investor Relations: investors@skyharbour.group Attn: Francisco
X. Gonzalez, CFO
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