---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034776"
form_type: "8-K"
ticker: "SKYH"
cik: "0001823587"
company_name: "Sky Harbour Group Corp"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:25:43.430070+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sky Harbour enters BDL and POU ground leases; reports $5.2M in construction cost overruns and schedule delays

## Summary
- Entered two ground leases: BDL (8 acres, 30-yr term, $30M min capex) and POU (7 acres, 15-yr term, 25-yr extension option).
- Construction cost overruns: $3.2M at DVT, $2.0M at APA for structural retrofits; completion delayed to June & Aug 2024 respectively.
- Dallas (ADS) sees schedule delay but lower budget impact; Chicago (PWK) and future campuses built to enhanced design.
- Company to contribute cash from unrestricted funds in Q1 2024 to cover cost overruns; completed campuses not affected.

## SEC filing metadata
- accession: 0001437749-23-034776
- form_type: 8-K
- ticker: SKYH
- cik: 0001823587
- company_name: Sky Harbour Group Corp
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823587/000143774923034776/0001437749-23-034776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823587/000143774923034776/ysac20231216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034776
- JSON: https://secwatch.observer/filing/0001437749-23-034776.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034776.txt

## Key facts
- Material Agreements
  Sky Harbour Group Corp entered into POU Ground Lease with County of Dutchess, New York valued at Initial term 15 years from completion of construction, extension option additional 25 years with leg (effective 2023-12-13).
  - Action: entry
  - Agreement: lease
  - Counterparty: County of Dutchess, New York
  - Value: Initial term 15 years from completion of construction, extension option additional 25 years with leg
  - Effective: 2023-12-13
  source text: On December 13, 2023, the Company, through a wholly-owned subsidiary of the Company, entered into a ground lease agreement at Hudson Valley Regional Airport (“POU”) with the County of Dutchess, New York (the “POU Lease”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823587/000143774923034776/0001437749-23-034776-index.htm
- Material Agreements
  Sky Harbour Group Corp entered into BDL Ground Lease with Connecticut Airport Authority valued at Initial term 30 years, extension option additional 20 years, minimum capital improvements $30 millio (effective 2023-12-13).
  - Action: entry
  - Agreement: lease
  - Counterparty: Connecticut Airport Authority
  - Value: Initial term 30 years, extension option additional 20 years, minimum capital improvements $30 millio
  - Effective: 2023-12-13
  source text: On December 13, 2023, Sky Harbour Group Corporation (the “Company”), through a wholly-owned subsidiary of the Company, entered into a ground lease agreement (the “BDL Lease”) at Bradley International Airport (“BDL”) with the Connecticut Airport Authority (“CAA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823587/000143774923034776/0001437749-23-034776-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.