Sky Harbour Group Strikes Joint Venture for Miami Opa Locka Hangar

Reuters11-13

<a href="https://laohu8.com/S/SKYH">Sky Harbour</a> Group Strikes Joint Venture for Miami Opa Locka Hangar

Sky Harbour Group Corporation has executed a binding Letter of Intent with a joint venture partner for a partnership at Miami Opa Locka Executive Airport. Under the agreement, the JV partner will receive a 75% stake in a Special Purpose Vehicle leasing a single SH34 hangar at the airport's Phase 2 development, in exchange for a $30.75 million cash payment to Sky Harbour. The SPV will operate under a 53-year lease with Sky Harbour and an asset-management and service agreement with Sky Harbour Services LLC. The hangar will house the JV partner's aviation fleet and may also lease space to subtenants managed by Sky Harbour. Definitive agreements are expected to be finalized by January 11, 2026, with the partnership closing anticipated upon completion of Phase 2 in early Q2 2026, subject to construction and operational certification.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sky Harbour Group Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-034457), on November 12, 2025, and is solely responsible for the information contained therein.

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