Chicago Executive Airport Announces Sky Harbour Hangar Campus Development

Chicago Executive Airport (PWK) and Sky Harbour Group [Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS)] today announced the execution of an agreement for the development of a Sky Harbour Home Base campus at PWK, the leading General Aviation airport in the Chicago area.

The Sky Harbour campus, to be developed on approximately 25 acres, is expected to create or sustain hundreds of local jobs and generate approximately $550MM in economic benefits. The campus will offer “the best home base in business aviation” to house approximately twenty of the Chicago area’s top corporate and privately-owned business jets in private hangars, with line-services dedicated exclusively to based tenants, offering “the shortest time to wheels-up in business aviation.”

Court Harris, Chairman of the Chicago Executive Airport Board, noted, “Sky Harbour brings unique and differentiated benefits to PWK, to the communities of Prospect Heights and Wheeling, and to the Chicago area in general. We appreciate the spirit of partnership and professionalism that the Sky Harbour team has brought to this relationship. We value the company’s track record of delivering on its commitments, and look forward to working together to enhance PWK’s value, both to the local community and to the business aviation community.”

The Chicago Executive Airport campus joins Sky Harbour campuses now operating at Houston’s Sugar Land Regional Airport (SGR), Nashville International Airport (BNA), and Miami Opa-Locka Executive Airport (OPF); campuses in development at Denver Centennial Airport (APA), Phoenix Deer Valley Airport (DVT) and Dallas’s Addison Airport (ADS); and additional campuses soon to be announced.

Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “Chicago Executive Airport is among the best-managed business aviation airports in the United States, serving one of the country’s top business aviation markets. Sky Harbour is honored to be joining the PWK community and committed to maximizing the long-term benefits of a Sky Harbour campus to Prospect Heights, Wheeling, Cook County, and the Greater Chicago area.

About Chicago Executive Airport

Chicago Executive is a top reliever airport for Chicago O’Hare International (ORD), accepting some 100,000 corporate, charter and light recreational aircraft annually. Located just 10 miles north of ORD, Chicago Executive Airport is jointly owned by the Village of Wheeling and City of Prospect Heights. Visit us at chiexec.com for additional information.