---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025540"
form_type: "8-K"
ticker: "SKAS"
cik: "0001128281"
company_name: "Saker Aviation Services, Inc."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:01:08.644410+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saker Aviation Services closes asset sale of FBO Air-Garden City for $1.5M

## Summary
- Closed sale of substantially all assets of subsidiary FBO Air-Garden City, Inc. to Crosby Flying Services, LLC for $1.5 million after adjustments.
- Buyer paid 90% at closing; remaining 10% due in cash on first anniversary subject to non-compete compliance.
- Seven-year non-compete covenant prohibits aviation fuel and FBO operations within 100 miles of Garden City Regional Airport, Kansas.
- Sale previously announced on September 27, 2022; closed on October 31, 2022.

## SEC filing metadata
- accession: 0001437749-22-025540
- form_type: 8-K
- ticker: SKAS
- cik: 0001128281
- company_name: Saker Aviation Services, Inc.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128281/000143774922025540/0001437749-22-025540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128281/000143774922025540/skas20221102_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025540
- JSON: https://secwatch.observer/filing/0001437749-22-025540.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025540.txt

## Key facts
- M&A Transactions
  Saker Aviation Services, Inc. completed a disposition involving Crosby Flying Services, LLC for $1.5 million (closed 2022-10-31).
  - Action: disposition
  - Counterparty: Crosby Flying Services, LLC
  - Consideration: $1.5 million
  - Closing: 2022-10-31
  source text: On October 31, 2022 (the “Closing Date”), FBO GCK closed the sale of the Assets to the Buyer and became subject to the Non-Compete, for an aggregate purchase price of $1.5 million, after certain closing adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1128281/000143774922025540/0001437749-22-025540-index.htm

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