Loudoun County announces economic development award supporting Sky Harbour’s Business Aviation Campus at Dulles International Airport
Loudoun County, VA – January 22, 2025 – Loudoun County Economic Development announced an award of $250,000 to the Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) for the development of a Sky Harbour Home Base campus at Dulles International Airport (IAD), Greater Washington DC’s international gateway airport. In May 2024, Sky Harbour signed a contingent ground lease agreement with the Metropolitan Washington Airports Authority (“MWAA”) to develop its hangar campus.
The Sky Harbour campus, to be developed on approximately 18 acres, is expected to create or sustain hundreds of local jobs and generate significant economic benefits to Loudoun County and Northern Virginia. The campus will offer “the best home base in business aviation” to house Washington, DC area’s top corporate and privately-owned 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.”
Dulles International Airport joins Sky Harbour campus locations now operating at Houston’s Sugar Land Regional Airport (SGR), Nashville International Airport (BNA), Miami Opa-Locka Executive Airport (OPF), and San Jose Mineta Airport (SJC); and campuses in development at Denver Centennial Airport (APA), Phoenix Deer Valley Airport (DVT), Dallas Addison Airport (ADS), Chicago Executive Airport (PWK), Bradley International Airport (BDL), Hudson Valley Regional Airport (POU), Orlando Executive Airport (ORL), Stewart International Airport (SWF), and Salt Lake City International Airport (SLC); with additional campuses soon to be announced.
Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “Dulles International Airport is business aviation’s gateway to our nation’s capital and a Sky Harbour National Tier-1 airport. We are grateful for Loudoun County’s support and eager to deliver on our commitment to the airport, to the Greater DC business aviation community, and to the citizens of Loudon County and Northern Virginia. The Sky Harbour campus at Dulles will be another best-in-class facility with outstanding operational leadership driving uncompromising standards for business aviation safety and efficiency.”
“Sky Harbour’s investment at Dulles International Airport represents an exciting opportunity for Loudoun County,” said Phyllis Randall, Chair of the Loudoun County Board of Supervisors. “This project will create hundreds of well-paying jobs, diversify and expand our tax base, and enhance services for our residents. We are proud to partner with a company that shares our commitment to fostering economic growth and delivering lasting benefits to the community.”
“Loudoun County is thrilled to welcome Sky Harbour to Dulles International Airport, further enhancing our reputation as a premier location for business aviation,” said Buddy Rizer, Executive Director of Loudoun Economic Development. “This project represents a significant investment in our community, creating jobs, driving economic growth, and elevating the services available to the region’s business leaders. We’re proud to support Sky Harbour in bringing this state-of-the-art facility to Loudoun County and strengthening our position as a gateway for innovation and opportunity.”
Sky Harbour’s facility will include hangar space to house the latest business aircraft of all sizes, adjacent office space, critical operational infrastructure, and significant ramp and automobile parking.
About Sky Harbour
Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangar campuses across the United States. Sky Harbour’s Home-Basing offering aims to provide private and corporate residents with the best physical infrastructure in business aviation, coupled with dedicated service, tailored specifically to based aircraft, offering the shortest time to wheels-up in business aviation. To learn more, visit www.skyharbour.group.
About the Metropolitan Washington Airports Authority
The Metropolitan Washington Airports Authority operates the U.S. Capital Region’s gateways to the nation and the world, Ronald Reagan Washington National Airport and Washington Dulles International Airport, the Dulles Airport Access Highway and the Dulles Toll Road. The Authority also managed construction of the Silver Line, a 23-mile extension of the Washington region’s Metrorail public transit system through northern Virginia, which began service to Dulles International in 2022.
Forward Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the expectations regarding future operations at Sky Harbour (the “Company”) and its subsidiaries. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. The forward-looking statements are based on the current expectations on the date of this release. These forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the risks described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other filings with the SEC.
Contacts
Sky Harbour Airport Relations: nszymczak@skyharbour.group
Sky Harbour Resident Relations: asigourney@skyharbour.group
Sky Harbour Investor Relations: investors@skyharbour.group Attn: Francisco Gonzalez
