Sky Harbour Group (SKYH) has shared an announcement.
Sky Harbour Group Corporation has secured a 30-year ground lease at Salt Lake City International Airport, with options to extend for another 20 years. This lease obligates the company to make at least $40 million in capital improvements on the 8.4-acre property. The announcement was made public through a press release and is part of the Company’s broader plans, which include potential hangar campus development at the airport. The Company has stated that while they may update information in the future, the press release shouldn’t be taken as a material admission and they caution investors about relying on forward-looking statements due to inherent risks.
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