SKYH
✈️ Sky Harbor specializes in developing and leasing hangars for private jets, a niche market with high demand and limited supply.
🔒 The company secures long-term concessions (typically 50 years) at airports, creating a monopolistic position in those locations.
💼 Significant insider ownership and recent executive purchases indicate strong confidence in the company’s prospects.
📈 The economics of the initial hangars are not representative of the company’s potential, suggesting significant growth opportunities.
@emeritoquintana:
“One we have is Sky Harbor, which is a real estate company, but peculiar, it’s special properties, they are hangars for private jets. That in Spain, we don’t know much about it because we are poorer, but in the United States, it is successful. In fact, there is not enough supply, there is a lot of demand. New jets are being built, increasingly larger, taller, and wider, that do not fit in the old hangars and that have them there, either in community hangars or have them there at the airport, crowded. And people who want privacy and who want security and who want an area with little air traffic, well, they don’t have a good service. They have you there at the airport, and their business is simply to charge for fuel. But well, the founder, who did well, saw that this was a problem, he has 27% of the class B shares, at least recently. An executive bought half a million for himself and half a million dollars for his wife too. And there are, at some airports, waiting lists of years to put your private jet there. So what these do is reach an agreement with different airports for a concession, they are usually 30 years, extendable by 20 and then more, they are usually 50 years of concession, and they build their large, luxurious private hangars with little traffic, individual. So it’s like a property, like a house for which you charge rent. And there you do have more services, and you have security, and you have privacy, you have an office. And I already say that there is much more demand than supply. Besides, the airports are what they are in the United States, and where there is demand for an airport, there is no room to do it, and where there is room to do it, there is no demand. So the space is limited, and when you get the concession and manage to put your hangars, that’s it, you already have a niche, you already have a small monopoly, and it is difficult for someone to copy you. But it is true that they are in the initial processes and that they will have to keep growing and doing it better and better. But well, I’m interested because the accounting of the economics of the first hangars are not representative of what it can be. So it is interesting.”
Watch the exact part of the video where Emerito Quintana talks about Sky Harbor here:
View the video on YouTube.
Read more articles featuring the most recent analysis of Sky Harbor (SKYH) at this link: SKYH stock.
