Sky Harbour wins two Van Nuys ground leases for new hangar campuses

The Los Angeles City Council has approved two ground leases at Van Nuys Airport (VNY) for new Sky Harbour Home Base Operator (HBO) campuses, Sky Harbour Group Corporation said. The leases are expected to be formally executed in the coming weeks.Van Nuys serves as the primary business aviation gateway to Los Angeles and consistently ranks among the busiest general aviation airports in the United States. Space at the airport is limited with demand consistently high, which makes access to hangars a valuable operational asset. What makes this expansion noteworthy is its exclusivity, with additional airport acreage dedicated to a specific operating model centered on long-term aircraft basing.The HBO model is closed to transient traffic and focuses on owners who permanently base aircraft at the airport. For local operators, the long-term infrastructure investment offers another layer of security for their daily operations."Van Nuys operators have actively been seeking the Sky Harbour Home Base Operator model, and we are excited to deliver it," said Sky Harbour CEO Tal Keinan. "We are grateful to the Los Angeles City Council, the Board of Airport Commissioners, and to the Van Nuys and Los Angeles World Airports teams for their partnership. Sky Harbour plans to bring new and lasting value to the airport, to Los Angeles Business Aviation, and to the San Fernando Valley community."Why it mattersHangar space remains one of the most constrained resources at major U.S. business aviation airports, particularly at high-demand locations like Van Nuys. The approval of two new HBO campuses increases dedicated aircraft basing capacity at one of the country's busiest business aviation airports. For Sky Harbour, the project represents additional long-term hangar inventory in a market where available space can be difficult to secure.