Sky Harbour executes ground lease in Long Beach, CA

Sky Harbour (SKYH) “announced the execution of a ground lease agreement with the City of Long Beach, California, for the development of a Sky Harbour HBO campus at Long Beach Airport, serving the Long Beach, Orange County and Greater Los Angeles, regions. The proposed Sky Harbour campus will offer “the best home base in business aviation” to house Southern California’s top corporate and private 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.” The two-phase development on approximately 17 acres, is expected to create or sustain hundreds of local jobs and generate meaningful economic benefits for Southern California.”