The private jet boom drives hangar operators, Sky Harbour enters the municipal bond market

Sky Harbour Group Corp. is seeking to raise $100 million through the tax-exempt municipal bond market to expand its operations in Texas, Connecticut, Florida, and New York. The company's Chief Financial Officer Francisco Gonzalez stated, "Business aviation is in a boom period," while the existing hangar property base in the U.S. is highly insufficient to accommodate larger private jets. These new bonds will be secured by lease income and company assets, targeting buyers willing to take on "high risk," with a minimum subscription amount of $500,000