v3.26.1
Related-Party Transactions
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related-Party Transactions Related-Party Transactions
Resource Holdings
Resource Holdings Associates (“Resource Holdings”) is owned and controlled by individuals who are current or former directors, managers, and/or employees of the Company or its subsidiaries.
Resource Holdings provides AWAC and Air Wisconsin with financial advisory and management services pursuant to an agreement entered into in January 2012. AWAC paid a total of $60 and $180 to Resource Holdings for the three and nine month periods ended September 30, 2025 and September 30, 2024, respectively, plus the reimbursement of certain out-of-pocket expenses.
In June 2021, Harbor agreed to pay Resource Holdings an annual fee of $150, payable monthly, for financial advisory and management services, which amount is in addition to the amount paid to Resource Holdings by AWAC. Harbor paid an aggregate of $38 and $113 to Resource Holdings for the three and nine month periods ended September 30, 2025 and September 30, 2024, respectively, plus the reimbursement of certain out-of-pocket expenses.
Southshore Aircraft Holdings
Southshore Aircraft Holdings, LLC (“Southshore”) is owned and controlled by individuals who are current or former directors, managers, and/or employees of the Company or its subsidiaries.
In January 2020, the Company completed an acquisition from Southshore Aircraft Holdings, LLC, of regional jets and engines, in exchange for the issuance of 4,000,000 shares of Harbor's Series C Convertible Redeemable Preferred Stock (the “Series C Preferred”). On June 28, 2024, Southshore converted a portion of its Series C Preferred into 16,500,000 shares of Harbor's common stock with the remaining portion being redeemed for $10,710.
For additional information, please refer to Note 9, Earnings Per Share and Equity.