The development continues earlier approved hangar plans at Farmingdale, with revised scope as SRAI targets constrained hangar capacity in the New York region.

The company has completed its third aviation real estate purchase after acquiring Bridger Aerospace’s Bozeman complex and agreeing a 10-year leaseback arrangement.

The SomeraRoad subsidiary has expanded its aviation portfolio with strategic acquisition in San Antonio, adding seven hangars with direct runway access.