Saker Aviation subsidiary agrees to sell Garden City FBO assets for $1.6M

Saker Aviation Services, Inc.

FBO Air-Garden City to sell substantially all assets to Crosby Flying Services for $1.6 million.
90% of purchase price paid at closing in cash; remainder on first anniversary subject to non-compete.
Closing expected by October 31, 2022, contingent on city approval, buyer due diligence, and consents.
Seller enters 7-year non-compete covenant within 100 miles of Garden City Regional Airport.
Buyer assumes no liabilities; leasehold interests will be transferred to buyer upon closing.

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