Sky Harbour

What Sky Harbour does

Sky Harbour Group Corporation (NYSE: SKYH) is a US-based aviation infrastructure development company building a nationwide network of Home Base Operator (HBO) campuses for business aircraft. Founded in 2021 with its first campus at Houston's Sugar Land Regional Airport, the company has expanded to 22+ operational or in-development campuses across major US metropolitan markets including Dallas, Denver, Miami, Phoenix, Los Angeles, New York, Chicago, and Washington DC. Each campus is a closed, resident-only facility — distinct from traditional Fixed Base Operators (FBOs) that serve transient traffic — providing private climate-controlled hangars (Sky Harbour 16 and Sky Harbour 30 models) configured for specific aircraft types, adjoining office and lounge suites, 24/7 access, line services, and the shortest taxi-to-wheels-up times in business aviation (reported at 90 seconds at multiple campuses). Resident access is managed through a proprietary Smart Hangar App.

The business model is essentially a specialized real-estate infrastructure play: Sky Harbour enters long-term ground lease agreements with airport authorities (municipalities, port authorities, county governments) and develops purpose-built hangar campuses on those leased lands, then sub-leases hangar and office suite space to high-net-worth aircraft owners, flight departments, and corporate aviation operators under multi-year agreements. Revenue is recurring in nature with lease extensions driving renewal economics. Capital is raised through a combination of public equity (SPAC business combination with Yellowstone Acquisition Company in December 2021), tax-exempt warehouse facilities (J.P. Morgan, $200 million, 4.73% fixed), subordinated bonds ($150 million in January 2026), and direct acquisitions (CloudNine at Camarillo, $31 million in December 2024). FY2025 revenue reached $27.5 million (87% YoY growth) and the company reached operating cash flow breakeven in December 2025, with 2026 guidance of $42–46 million annualized revenue and $4–6 million adjusted EBITDA by year-end. Boston Omaha Corporation holds a 15.3% equity stake, valued at approximately $79.3 million as of December 31, 2025.

Name

Sky Harbour

Legal name

Sky Harbour LLC

Website

https://skyharbour.group

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Sky Harbour builds and operates a nationwide US network of private, resident-only hangar campuses for business aircraft under long-term airport ground leases, serving high-net-worth owners, flight departments, and corporate aviation operators with multi-year hangar and office suite leases.

Ownership category

akta.pro rank

Product category

Business Aviation Infrastructure

NAICS

Other Airport Operations (488119), Support Activities for Air Transportation (4881)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

Keywords

• Private aircraft hangars
• Business aviation infrastructure
• Home base operator campuses
• Airport hangar leasing
• Aviation real estate development

Headquarters

HQ city

White Plains

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Hangar and Suite Leasing: Sky Harbour generates revenue primarily through long-term ground leases with airport authorities and subleasing private hangars and office suites to business aircraft owners and operators. Hangars include adjacent office and lounge space, with revenue driven by occupancy levels, new campus openings, and lease extensions across its growing network of airport campuses.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Sky Harbour develops, owns, and operates Home Base Operator (HBO) campuses at premium US airports, leasing private aircraft hangars with adjoining office and lounge suites exclusively to business aircraft owners and operators on long-term, recurring agreements. The company secures long-term ground leases from airport authorities, builds purpose-built resident-only hangar campuses, and provides dedicated line services, climate-controlled storage, 24/7 access, and a proprietary Smart Hangar mobile app for access control.

Product overview

Sky Harbour is an aviation infrastructure company building the first nationwide network of Home Base Operator (HBO) campuses for business aircraft. The core product is a portfolio of exclusive private hangar campuses (Sky Harbour 16 and Sky Harbour 30 models) featuring adjoining office and lounge suites, accessible via a proprietary Smart Hangar App. These are complemented by dedicated line services, maintenance support, and the Sky Harbour Academy training program. The company operates across 18+ airport locations including Houston, Dallas, Nashville, Miami, Denver, Phoenix, Los Angeles (Camarillo), San Jose, Hartford, New York Hudson Valley, Chicago, Orlando, Washington DC (Dulles), New York Stewart, Salt Lake City, Trenton NJ, Portland, Long Beach, and Atlanta, with expansion plans to reach over 50 airports.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Base Operator (HBO) Campus Network A nationwide network of exclusive, resident-only Home Base Operator campuses at premium US airports that provide private aircraft hangar space with adjoining office and lounge suites, dedicated line services, climate-controlled storage, 24/7 secure access, and integrated drive-in/indoor-boarding operations. Designed for business aircraft owners and operators seeking privacy, security, efficiency, and asset protection unavailable at conventional transient-serving FBOs.
• Private Aircraft Hangars (Sky Harbour 16 and Sky Harbour 30) Purpose-built private aircraft hangars with high-gloss floors, integrated drainage systems, 480V/240V/120V electrical power, daylight-plus lighting, and 24/7 access. Sized to accommodate business aircraft including Embraer Legacy, Falcon variants, Global series, and Gulfstream models. Leased exclusively to based (resident) aircraft owners at Sky Harbour campuses.
• Line Services Dedicated line service support for resident aircraft including aircraft handling, fueling coordination, ground transportation, and concierge services tailored to individual operator needs, delivered by on-site Harbour Masters at each Sky Harbour campus.

Quantifiable outcome

• Shortest time to wheels-up in business aviation — 90 seconds taxi time from runway at multiple campuses
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• Port Authority of New York and New Jersey (PANYNJ)coreStrategic or Co-development Partner · 22 December 2025The Port Authority of New York and New Jersey authorized a lease amendment expanding Sky Harbour's development site at New York Stewart International Airport from 16 acres to 26 acres, increasing rentable hangar square footage by approximately 150,000 square feet.
• City of DallascoreStrategic or Co-development Partner · 11 December 2025Dallas City Council authorized execution of ground lease agreements for Sky Harbour HBO campus developments at Dallas Love Field (DAL) and Dallas Executive Airport (RBD). The developments include six 37,000-square-foot hangars expected to boost local jobs and economic activity.
• City of Fort WorthcoreStrategic or Co-development Partner · 10 December 2025The City of Fort Worth authorized execution of a ground lease agreement for development of a Sky Harbour HBO campus at Fort Worth Meacham International Airport (FTW), including hangars and office suites for business aircraft.
• DeKalb County, GeorgiacoreStrategic or Co-development Partner · 19 November 2025The DeKalb County Board of Commissioners authorized execution of a ground lease agreement for development of a Sky Harbour HBO campus at DeKalb-Peachtree Airport (PDK), serving DeKalb County and the Atlanta metropolitan area.
• Miami Opa Locka Executive Airport (JV Partnership)coreStrategic or Co-development Partner · 12 November 2025Sky Harbour agreed to a joint venture partnership at Miami Opa Locka Executive Airport as disclosed in Q3 2025 results, expanding its construction and leasing activities at that location.
• City of Long Beach, CaliforniacoreStrategic or Co-development Partner · 22 October 2025The City of Long Beach executed a ground lease agreement with Sky Harbour for development of an HBO campus at Long Beach Airport (LGB) on approximately 17 acres, serving Long Beach, Orange County and Greater Los Angeles regions.
• CloudNine at Camarillo (acquisition)coreStrategic or Co-development Partner · 9 December 2024Sky Harbour acquired CloudNine at Camarillo and related ground leases at Camarillo Airport for approximately $31 million. The facility was rebranded as a Sky Harbour Home-Basing campus, with operations managed by Nick Martino. The acquisition expanded Sky Harbour's presence in the Los Angeles business aviation market.

Scale indicators16 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Atlantic Aviation: One of the largest US FBO networks with 100+ fixed-base operations offering fueling, hangar, and aircraft services to business aviation customers. Comparable to Sky Harbour as a competing provider of business aircraft hangar facilities at airports, but operates a much broader transient-FBO business model rather than Sky Harbour's exclusive resident-only HBO model.
• Signature Flight Support: World's largest FBO network with operations across North America, Europe, and other regions, offering fueling, hangar, and concierge services to business aviation. Comparable to Sky Harbour as a competing operator of airport-based aviation infrastructure serving business aircraft owners and operators, with substantially greater scale and geographic breadth.
• Jet Aviation: Global FBO and business aviation services company with operations across Europe, the Middle East, Asia, and the US, including hangar and aircraft management services. Comparable to Sky Harbour as a provider of exclusive business aviation infrastructure and resident services, though broader in scope and geographic reach.

Direct peers

• Million Air: Network of full-service FBOs offering hangar leasing, fueling, and aircraft services to business jet operators. Comparable to Sky Harbour as a direct competitor in the private aviation services space, with both companies targeting based-aircraft customers and premium hangar facilities at airports.
• Clay Lacy Aviation: Premium FBO and business aviation services provider operating dedicated hangar facilities in the western United States. Comparable to Sky Harbour as a competitor in private aviation infrastructure, offering exclusive hangar accommodations and concierge services for resident business aircraft in similar geographies.
• Modern Aviation: Growing US FBO platform backed by private equity with multiple locations providing hangar, fueling, and aircraft services. Comparable to Sky Harbour as a direct competitor in private business aviation infrastructure, with similar focus on based-aircraft customers and airport ground lease relationships.
• TAG (Trans Aviation Group): FBO network operating multiple fixed-base operations in the United States offering hangar services and aircraft support to business aviation operators. Comparable to Sky Harbour as a competitor in the business aviation infrastructure space, with overlapping focus on based aircraft and hangar leasing at airports.
• Banyan Air Service: Independent FBO at Fort Lauderdale Executive Airport offering hangar, fueling, and aircraft services. Comparable to Sky Harbour as a competitor in private aviation infrastructure for business jets, particularly in the Southeast US market, though at a single campus scale.
• Ross Aviation: Privately-held FBO operator with multiple fixed-base operations across the United States providing hangar and aircraft services. Comparable to Sky Harbour as a competitor in private business aviation infrastructure, pursuing similar based-aircraft customer relationships and airport ground lease arrangements.
• ACI Jet: Business aviation services provider operating FBOs, aircraft management, and charter services in California and other western US locations. Comparable to Sky Harbour as a competitor providing private aviation infrastructure and based-aircraft services in overlapping geographies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sky-harbour-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sky Harbour