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Forbes: Purveyor of Private Hangars for the Private Jets Goes Public
1.11.22
SkyHarbour Group, which leases private hangars to private jet owners, has set January 25th to begin trading publicly. It will be listed on the New York Stock Exchange after completing a merger with SPAC Yellowstone Acquisition Company. The fledgling provider had just under $1.2 million in rental revenues through the first nine months of 2021, its second year of operations and the latest figures available. However, it has big growth plans. From its current five locations, including two that are operational, it wants to cater to UHNW jet owners in as many as 50 markets. The proceeds from its IPO will be used to fund the next 20.