SKYH - Sky Harbour Group: A High-Risk Niche Business To Capitalize On The Ultrarich
2024-05-16 12:37:01 ET
Summary
- Sky Harbour Group Corporation provides home basing solutions for private jets and is an interesting investment opportunity.
- The company's revenue growth is not translating favorably due to increased costs and expansion efforts.
- Despite dilution risk, Sky Harbour Group has seen higher occupancy rates and lease rates and is entering higher-tier markets, which could lead to higher returns.
Sky Harbour Group Corporation ( SKYH ) provides home basing solutions for private jets. The company's strategy is actually elementary. It engages in ground leases at various airports in the U.S., builds hangars on the ground using pre-engineered metal buildings built by RapidBuilt in which it has a 51% ownership, and leases the space to business jet owners....
Sky Harbour Group: A High-Risk Niche Business To Capitalize On The Ultrarich