Sky Harbour Ups Ante at New York Stewart Airport

Aviation real estate developer and operator Sky Harbour Group will increase the size of its pending private hangar project at New York’s Stewart International Airport (KSWF). Announced last year, the company’s leasehold will now expand from 12.5 acres to 26 acres, while the investment will also rise from $60 million to more than $100 million. Projected hangar space in the campus—which will also include a dedicated fuel farm for tenants—will double from initial estimates to 400,000 sq ft.

Vertically-integrated Sky Harbour manufactures its own prefabricated hangars in several sizes as part of its “Home Base Operator” concept of turnkey aircraft shelters. According to the company, the site plan for KSWF is still under development, but the facility will feature its SH-37 model, with the 37,000-sq-ft hangar capable of being divided into two 18,000-sq-ft hangars.

Sky Harbour is also engaging in a relationship with Red Tail Flight Academy, a KSWF-based flight school/charity that creates opportunities for traditionally underserved communities to enter the aviation industry. Sky Harbour will provide hangar and classroom space in its facility. Groundbreaking is anticipated in early 2027, with the opening a year later.

“Sky Harbour is seeking to expand the square footage of our existing airport ground leases in the nation’s top markets,” explained chairman and CEO Tal Keinan, adding that the New York City area is the top home-basing market in business aviation.