Sky Harbour Completes Acquisition of CloudNine, Sky 805 for $31 Million

MT Newswires Live

2024/12/09

Sky Harbour (SKYH) said Monday it has completed its acquisition of CloudNine at Camarillo and Sky 805 for about $31 million.

CloudNine is a 120,000-square-foot hangar and office complex while Sky 805 holds related ground leases and fixed-based operator rights.

The company said CloudNine will be rebranded as Sky Harbour Home-Basing campus and Sky 805 will be running the Channel Islands Aviation fixed-based operator and related businesses.

Shares of Sky Harbour rose more than 2% in recent trading.

Price: 13.11, Change: +0.35, Percent Change: +2.74

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