Sky Harbour acquires Camarillo hangar campus for ~$31M; expects immediate cash flow accretion

Sky Harbour Group Corp

Paid ~$31M cash for 120,000 sq ft hangar complex and ground leases at Camarillo Airport (Los Angeles metro).
Consideration satisfied existing debt at a 10% discount to face value; no other debt assumed.
CMA Leases cover ~17 acres with 37-year remaining term plus a 10-year renewal option.
Acquisition expected to be immediately operating-cash and earnings accretive, and credit accretive.
Operations led by current general manager Nick Martino; campus rebranded as Sky Harbour Home-Basing.

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