Building a Moat Around Sky Harbor

Interview with Tal Keinan, CEO of Sky Harbor Group

Our guest on the show this week was Tal Keinan, the CEO of Sky Harbor Group (ticker: SKYH), a publicly traded developer and operator of airplane hangars. Before conducting the interview, I had the opportunity to learn a lot about Sky Harbor from an investor friend who owns the stock and knows the company as well as just about anyone on the planet. That led to a deep, rich conversation where we covered:

• The process by which Sky Harbor became public;
• Whether Sky Harbor is a real estate company, an operating company—or both;
• An overview of the supply and demand dynamics for business aircraft hangar space;
• How Sky Harbor views the threat of emerging competition; and
• The economics and returns associated with developing new hangars.

Please enjoy this compelling conversation here:

Given the returns on investment available from investing in new private aircraft hangers, it stands to reason that a lot of competition to Sky Harbor would eventually emerge. In this clip, Tal discusses the current and future competitive set facing the company today.

Thanks for following the podcast. We hope you will stay tuned for more insightful episodes of the Compounders podcast.

Sincerely,

Ben Claremon