Sky Harbour Group enters ground lease for 25-acre hangar campus at Chicago Executive Airport

Sky Harbour Group Corp

Executed 50-year ground lease with Chicago Executive Airport for Phase I (15 acres); intent for Phase II (10 acres) at airport's discretion.
Development expected to create hundreds of jobs and generate ~$550M in economic benefits.
Campus will house ~20 business jets with dedicated line-services and quick turnaround.
Joins existing campuses at SGR, BNA, OPF and under development at APA, DVT, ADS.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sky Harbour Group Corp entered into PWK Lease with Chicago Executive Airport (effective 2023-10-11).

Action: entry
Agreement: lease
Counterparty: Chicago Executive Airport
Effective: 2023-10-11

Exact text from the filing

On October 11, 2023, Sky Harbour Group Corporation (the “Company”), through a wholly-owned subsidiary of the Company, entered into a ground lease agreement (the "PWK Lease") with Chicago Executive Airport ("PWK").

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Source: SEC EDGAR

accession 0001437749-23-028155

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