Sky Harbour Group Corporation has added two new Home Base Operator campuses to its network, bringing the company’s footprint to 23 airports nationwide. The Dallas Love Field (DAL) and Dallas Executive Airport (RBD) sites will host six 37,000‑square‑foot SH37 hangars that accommodate late‑model business aircraft of all sizes, along with office and lounge suites and a proprietary line‑service offering for based tenants. The expansion is part of Sky Harbour’s strategy to capture the growing demand for dedicated hangar space in the nation’s deepest business‑aviation markets, and it positions the company to serve the high‑growth Dallas market more effectively.
The new campuses will feature state‑of‑the‑art hangars designed to meet the needs of larger aircraft, a move that aligns with the company’s focus on high‑margin, long‑term ground‑lease agreements. By clustering campuses in deep markets, Sky Harbour can leverage operational efficiencies and offer tailored services that differentiate it from competitors. The Dallas sites also provide a platform for future expansion into adjacent markets, reinforcing the company’s goal of reaching 50 airports in the coming years.
Sky Harbour secured a $15 million corporate holding company loan from an affiliate of Yorkville Advisors Global, with an 18‑month term and a 7.75% interest rate, and a $9.5 million commercial term loan for its manufacturing subsidiary, Stratus Building Systems, closed with Vista Bank. The loans provide working‑capital support for the new projects and help maintain financing flexibility as the company accelerates its development pace. The financing structure reflects Sky Harbour’s disciplined approach to capital allocation, balancing debt with the need to fund rapid growth.
Management highlighted the strategic importance of the Dallas expansion. CEO Tal Keinan said the move “strengthens our presence in a robust business‑aviation market and positions us to capture a larger share of the growing demand for hangar space.” He also noted that the company’s recent earnings showed a 78% year‑over‑year revenue increase to $7.3 million in Q3 2025, underscoring the effectiveness of its expansion strategy. The company’s guidance remains positive, with expectations of continued revenue growth as new sites become operational, although it acknowledges potential headwinds from the recent hangar design defect issue that added $26‑$28 million in retrofitting costs and 3‑5 months of construction delay per project.
The Dallas expansion comes at a time when the business‑aviation sector is experiencing a shortage of hangar space, especially for larger aircraft. By adding two new campuses in a deep market, Sky Harbour is positioned to capture a share of this unmet demand, create local jobs, and generate economic benefits for the Dallas area. The company’s focus on long‑term ground leases and dedicated facilities aligns with industry trends toward higher‑quality, service‑oriented aviation infrastructure.
The company’s recent financing and expansion underscore its commitment to scaling its network while maintaining financial discipline. With a strong cash flow profile and a disciplined debt strategy, Sky Harbour is well‑positioned to capitalize on the growing demand for business‑aviation infrastructure and to continue expanding its footprint in high‑growth markets.
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