Tal Keinan

Sky Harbour Announces Campus Development at Dulles International Airport

Retrieved on: 
Wednesday, May 29, 2024
Commercial Building & Real Estate, Construction & Property, Air, Transport, Partnership, Dulles International Airport, SJC, Aviation, SGR, OPF, Phoenix Deer Valley Airport, APA, DVT, Airport, Stewart International Airport, BNA, Hudson Valley Regional Airport, ADS, Tal Keinan, SWF, Orlando Executive Airport, Bradley International Airport, Nashville International Airport, IAD, BDL, San Jose International Airport, Greater, MWAA, Chicago Executive Airport, POU, Airline

The Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced the execution of a lease agreement with the Metropolitan Washington Airports Authority (“MWAA”) for the development of a Sky Harbour Home Base campus at Dulles International Airport (IAD), Greater Washington DC’s international gateway airport.

Key Points: 
  • The Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced the execution of a lease agreement with the Metropolitan Washington Airports Authority (“MWAA”) for the development of a Sky Harbour Home Base campus at Dulles International Airport (IAD), Greater Washington DC’s international gateway airport.
  • The Sky Harbour campus, to be developed on approximately 18 acres, is expected to create or sustain hundreds of local jobs and generate significant economic benefits to Northern Virginia.
  • The campus will offer “the best home base in business aviation” to house Washington, DC area’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.”
    Dulles International 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), and San Jose Mineta Airport (SJC); and campuses in development at Denver Centennial Airport (APA), Phoenix Deer Valley Airport (DVT), Dallas Addison Airport (ADS), Chicago Executive Airport (PWK), Bradley International Airport (BDL), Hudson Valley Regional Airport (POU), Orlando Executive Airport (ORL), and Stewart International Airport (SWF); with additional campuses soon to be announced.
  • Our partnership with Sky Harbour symbolizes the Airports Authority's commitment to ensuring IAD remains at the forefront of meeting current and future demand for aeronautical services in the Washington area.”
    Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “Dulles International Airport is business aviation’s gateway to our nation’s capital and a Sky Harbour National Tier-1 airport.

Sky Harbour Announces Two New Developments Aimed at Serving the New York and Connecticut Business Aviation Markets and Provides an Update on Construction Activities

Retrieved on: 
Monday, December 18, 2023
Aerospace, Manufacturing, Transportation, Construction & Property, REIT, Travel, APA, ADS, Sky, Partnership, Peer review, Phoenix Deer Valley Airport, SH34, SGR, DVT, Wind, Snow, Chicago Executive Airport, Nashville International Airport, Metal, Professional, BDL, Bradley International Airport, Connecticut Airport Authority, OPF, POU, Growth, Safety, Aviation, BNA, Obligation, Tal Keinan, Airline

The new Sky Harbour campuses will be developed on approximately 8 acres at BDL and 7 acres at POU.

Key Points: 
  • The new Sky Harbour campuses will be developed on approximately 8 acres at BDL and 7 acres at POU.
  • O’Neil said, “Sky Harbour brings unique and differentiated benefits to our county, the Hudson Valley Region, and New York State.
  • Sky Harbour campuses are constructed in accordance with the Sky Harbour SH16C Prototype hangar design, which is subjected to constant refinement and improvement processes.
  • As in the past, the Company will protect and support the funding sufficiency of the 2021 Sky Harbour Capital LLC Aviation Facilities Project as amended.

Sky Harbour Group Announces the Second Closing of its Private Equity Placement with an Altai Capital Investment Vehicle for an Additional Aggregate Consideration of $15,000,000

Retrieved on: 
Wednesday, November 29, 2023
Construction & Property, Finance, Air, Transport, REIT, Professional Services, Aerospace, Manufacturing, Transportation, Travel, Sale, Palo Alto Networks, Tal Keinan, Lane Bess, Regulation D, Funding, NYSE, PIPE, Common stock, Second, Deep Instinct, Initial, Home-based program, Morrison & Foerster, Aircraft, Aviation, Purchasing, Security (finance)

On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.

Key Points: 
  • On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.
  • Together with the first closing which occurred on November 2, 2023 (the “Initial Closing Date”) the aggregate PIPE Financing totaled $57,810,000.
  • The closing of the Second Closing Financing occurred today in New York, NY.
  • Morrison & Foerster acted as legal advisor to the Company and Schulte Roth + Zabel LLP to Altai Capital.

Sky Harbour Group Announces an Agreement and Closing of a Sale of 6,586,154 Shares of Class A Common Stock and 1,141,600 Warrants in a Private Equity Placement with Altai Capital Investment Vehicles for Aggregate Consideration of $42,810,000

Retrieved on: 
Thursday, November 2, 2023
Construction & Property, Finance, Air, Transport, REIT, Professional Services, Aerospace, Manufacturing, Transportation, Travel, Sale, Business Aviation, Regulation D, Silicon, NYSE, Morrison & Foerster, Palantir Technologies, Purchasing, Home-based program, Common stock, Aviation, Power purchase agreement, LLP, Altai falcon, Tal Keinan, PIPE, Funding, Sales management, Security (finance)

On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.

Key Points: 
  • On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.
  • Joe Lonsdale of 8VC commented: “We are excited to join other prominent Silicon Valley investors in Sky Harbour.
  • Sky Harbour is about to get bigger, faster and better.”
    The Altai Capital investors join long-term Sky Harbour shareholders including the Boston Omaha Corporation, Due West Partners and Center Capital.
  • Morrison & Foerster acted as legal advisor to the Company and Schulte Roth + Zabel LLP to Altai Capital.

Sky Harbour Group Corporation Announces its 2023 Q1 Financial Results, Update on Leasing Activities and the Closing of its Acquisition of RapidBuilt

Retrieved on: 
Sunday, May 14, 2023
Commercial Building & Real Estate, Construction & Property, Air, Transport, Aerospace, Manufacturing, Transportation, Other Construction & Property, Travel, Sky, Phoenix Deer Valley Airport, Miami-Opa Locka Executive Airport, Aviation, Nashville International Airport, Acquisition, Investment, Engineering, Tal Keinan, United States Department of the Treasury, NYSE, Airline, Security (finance), Communications satellite

Full occupancy projected to be reached by end of Q3 2023.

Key Points: 
  • Full occupancy projected to be reached by end of Q3 2023.
  • On May 12, 2023, the Company exercised its option to acquire a controlling stake in Overflow LP, owner of Rapidbuilt Inc. (“RapidBuilt”), a Texas based manufacturer of pre-engineered metal buildings (PEMB).
  • The Company previously executed a strategic supply agreement with RapidBuilt in July 2022 to guarantee production capacity and achieve optimum manufacturing margin for its hangar construction projects.
  • This acquisition is intended to be accretive to SKYH through immediate projected construction and operational savings.