<div id="readability-page-1"><article>WEST HARRISON, N.Y.--(BUSINESS WIRE)--Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) (“SHG” or the “Company”), an airport infrastructure company building the first nationwide network of Home Base Operator (HBO) campuses for business aircraft, today announced that the Dallas City Council voted to authorize the execution of ground lease agreements for the development of Sky Harbour HBO campuses at Dallas Love Field (DAL) and Dallas Executive Airport (RBD).The Sky Harbour campuses will serve as a home base for the region’s top corporate and private business aircraft, providing state-of-the-art hangars, adjoining office and lounge suites, and Sky Harbour’s proprietary line-service offering, dedicated exclusively to based tenants. The developments are expected to create or sustain hundreds of local jobs and generate meaningful economic benefits for the City of Dallas, Dallas County, and the greater Metroplex.The addition of DAL and RBD will increase Sky Harbour’s network to 23 airports nationwide, with nine locations in operation and fourteen in development.Tal Keinan, Sky Harbour CEO, commented: “Dallas is already one of the most robust business aviation markets in the United States, and is also among the fastest growing. Sky Harbour’s three Dallas locations, Love Field, Dallas Executive, and our already-operating campus at Dallas Addison, serve distinct segments of the Dallas market. We see advantages in clustering Sky Harbour campuses in the nation’s deepest business aviation markets, manifesting in more tailored solutions to the respective business aviation communities and in significant opex and capex benefits. We are grateful for the partnership of the City of Dallas throughout this multi-year process.”“The addition of Sky Harbour at Dallas Executive and Dallas Love Field is one we believe will create vital infrastructure that has a positive, long-term economic impact on the city, especially in Southern Dallas,” said Patrick Carreno, Director of Aviation. “We look forward to welcoming Sky Harbour to our airports and having them as a valued partner in the aviation ecosystem.”Sky Harbour’s DAL and RBD campuses will feature six 37,000-square-foot SH37 hangars designed to accommodate late-model business aircraft of all sizes, with adjacent suites and services tailored to the needs of each operator, providing Sky Harbour Residents with unparalleled security, efficiency, and control.Update on Capital Formation and Debt ManagementOn December 9th, the Company entered into a $15 million corporate holding company loan with an affiliate of Yorkville Advisors Global, LP (“Yorkville Loan”). The Yorkville Loan has an 18-month term with an interest rate of 7.75% (taxable) and an upfront fee at closing of 50,000 SKYH shares. The Yorkville Loan has a principal paydown schedule starting on July 9th, 2026. Proceeds from the Yorkville Loan are expected to be used for general corporate purposes. Yorkville Securities, LLC, an affiliate of Yorkville Advisors, will be added as an agent in Sky Harbour’s existing At-The-Market (“ATM”) program.On December 4th, 2025, Stratus Building Systems, Inc. (“Stratus”), a wholly owned manufacturing subsidiary of the Company, closed on a $9.5 million commercial term loan with Vista Bank (“Vista Loan”) to refinance its existing loan. The Vista Loan has a 10-year term with a 25-year amortization. The Vista Loan carries a floating interest rate of Prime Rate plus .25% (taxable) for the first year, followed by a fixed rate of 30-day SOFR plus 2.25% (taxable) for the remainder of the loan with a reset every five years. At the closing, approximately $6.3 million of the Vista Loan proceeds were used to refinance the prior term loan, some existing equipment loans, and deal fees. Following the first year, if Stratus maintains a historical 1.4x EBITDA to interest coverage ratio, the remaining approximately $3.2 million of the Vista Loan will be available to finance working capital or return prior advances by the Company to Stratus.About Sky HarbourSky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home Base Operator (HBO) campuses designed exclusively for based business aircraft. Sky Harbour’s HBO model provides private and corporate flight departments with the best physical infrastructure in business aviation, facilities and services tailored to each Resident’s operational requirements, and the shortest time to wheels-up.Sky Harbour currently operates locations at Dallas Addison Airport (ADS), Denver Centennial Airport (APA), Houston’s Sugar Land Regional Airport (SGR), Miami Opa-Locka Executive Airport (OPF), Nashville International Airport (BNA), Phoenix Deer Valley Airport (DVT), San José Mineta International Airport (SJC), Seattle’s King County International Airport – Boeing Field (BFI) and Southern California’s Camarillo Airport (CMA).Campuses in development include Atlanta’s Peachtree-DeKalb Airport (PDK), Chicago Executive Airport (PWK), Connecticut Bradley International Airport (BDL), Dallas Love Field (DAL), Dallas Executive Airport (RBD), Fort Worth Meacham International Airport (FTW), New Jersey Trenton-Mercer Airport (TTN), New York Hudson Valley Regional Airport (POU), New York Stewart International Airport (SWF), Orlando Executive Airport (ORL), Portland Hillsboro Airport (HIO), Salt Lake City International Airport (SLC), Southern California’s Long Beach Airport (LGB) and Washington Dulles International Airport (IAD).To learn more, visit www.skyharbour.group.About Dallas Love FieldDallas Love Field (DAL) is a premier commercial and general aviation airport located minutes from downtown Dallas. Owned and operated by the City of Dallas, DAL serves as a key transportation gateway for North Texas, supporting more than 17.9 million passengers annually and offering access to 145+ destinations worldwide. With a legacy dating back to 1917, the airport combines modern facilities, exceptional service, and strategic proximity to one of the nation’s most dynamic economic regions, making it a vital contributor to the city’s continued growth and connectivity.About Dallas Executive AirportLocated less than 10 miles from downtown Dallas, Dallas Executive Airport (RBD) occupies over 1,000 acres of land and is within minutes of the best Dallas has to offer: Fortune 500 business district, four and five-diamond hotels and restaurants, year-round sports, museums, world-class shopping and the largest urban arts district in the nation. The airport also features 480 acres of developable land, more than any other regional general aviation airport.About the City of DallasThe City of Dallas is the ninth-largest city in the United States and the economic and cultural hub of North Texas. Known for its dynamic business environment, diverse industries, and world-class arts, sports, and educational institutions, Dallas continues to attract leading companies, talent, and investment from around the world. With a focus on innovation, infrastructure, and quality of life, the City of Dallas is committed to fostering sustainable growth and expanding opportunities for residents, businesses, and visitors alike.Forward Looking StatementsCertain statements made in this release are &#34;forward looking statements&#34; within the meaning of the &#34;safe harbor&#34; provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the expectations regarding future operations at SHG and its subsidiaries. When used in this press release, the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of the Company as applicable and are inherently subject to uncertainties and changes in circumstances. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. For more information about risks facing the Company, see the Company’s annual report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC from time to time. The Company’s statements herein speak only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTEyMTE5NzEwOTByMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTEyMTE5NzEwOTByMQ"/>View source version on businesswire.com: https://www.businesswire.com/news/home/20251211971090/en/Sky Harbour Airport Relations: estolpman@skyharbour.group Sky Harbour Resident Relations: asigourney@skyharbour.group Sky Harbour Investor Relations: investors@skyharbour.group Attn: Francisco GonzalezSource: Sky Harbour Group Corporation</article></div>

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Sky Harbour Group Corporation announced the development of new hangar campuses at Dallas Love Field and Dallas Executive Airport, authorized by the Dallas City Council. These campuses will enhance business aviation infrastructure and create economic benefits for Dallas. Additionally, Sky Harbour secured a $15 million loan from Yorkville Advisors and a $9.5 million loan from Vista Bank to support corporate and subsidiary financial needs.

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Sky Harbour Announces Two New Hangar Campus Developments at Dallas Love Field (DAL) and Dallas Executive Airport (RBD) and Financing Updates | WS Stock News