---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-023492"
form_type: "8-K"
ticker: "SKAS"
cik: "0001128281"
company_name: "Saker Aviation Services, Inc."
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T05:50:26.710232+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-023492
- form_type: 8-K
- ticker: SKAS
- cik: 0001128281
- company_name: Saker Aviation Services, Inc.
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128281/000143774922023492/0001437749-22-023492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128281/000143774922023492/skas20220930_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-023492
- JSON: https://secwatch.observer/filing/0001437749-22-023492.json
- Plain text: https://secwatch.observer/filing/0001437749-22-023492.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.