---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034897"
form_type: "8-K"
ticker: "SKAS"
cik: "0001128281"
company_name: "Saker Aviation Services, Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:19:46.394965+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Saker Aviation enters interim concession to operate Downtown Manhattan Heliport; minimum payment $1.04M

## Summary
- Initial 6-month term starting Dec 13, 2023, with two 6-month renewal options at City's discretion.
- Operator pays greater of $1,036,811 or 30% of Gross Receipts in Initial Term; $518,406 or 30% in Renewal Terms.
- Agreement is terminable at will by NYC DSBS Commissioner with no compensation to Operator.
- Operator has exclusive right to operate as fixed base operator; no lease or conveyance of land/buildings.
- Operator must post a $259,202.75 security deposit for the duration of the Term.

## SEC filing metadata
- accession: 0001437749-23-034897
- form_type: 8-K
- ticker: SKAS
- cik: 0001128281
- company_name: Saker Aviation Services, Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- 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/1128281/000143774923034897/0001437749-23-034897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128281/000143774923034897/skas20231219_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034897
- JSON: https://secwatch.observer/filing/0001437749-23-034897.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034897.txt

## Key facts
- Material Agreements
  Saker Aviation Services, Inc. entered into Interim Concession Agreement with City of New York acting by and through the New York City Department of Small Business Services valued at The greater of $1,036,811 or 30% of Gross Receipts during the Initial Term and the greater of $518,4 (effective 2023-12-13).
  - Action: entry
  - Counterparty: City of New York acting by and through the New York City Department of Small Business Services
  - Value: The greater of $1,036,811 or 30% of Gross Receipts during the Initial Term and the greater of $518,4
  - Effective: 2023-12-13
  source text: Saker Aviation Services, Inc. (the “Company”), through its fully owned subsidiary, FirstFlight Heliports, LLC d/b/a Saker Aviation Services, entered into an Interim Concession Agreement (the “Agreement”) with the City of New York acting by and through the New York City of Department of Small Business Services (“DSBS”) with an initial term beginning December 13, 2023, pursuant to a notice to proceed (the “Notice”) from the Agreement administrator, the New York City Economic Development Corporation (“NYCEDC”), received by the Company on December 12, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1128281/000143774923034897/0001437749-23-034897-index.htm

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