---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022671"
form_type: "8-K"
ticker: "SKAS"
cik: "0001128281"
company_name: "Saker Aviation Services, Inc."
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T20:56:41.944087+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Saker Aviation ordered to pay $1.4M in arbitration to Empire Aviation for unpaid management fees

## Summary
- Arbitrator awarded Empire Aviation $1.4M: $1,036,000 in unpaid management fees plus $363,000 accrued interest.
- Judgment amount is immediately payable and accrues per diem interest of $511.08 until paid in full.
- Company will not appeal and plans to pay the full judgment amount.
- Dispute arose from Management Agreement terminated on April 30, 2023.

## SEC filing metadata
- accession: 0001437749-24-022671
- form_type: 8-K
- ticker: SKAS
- cik: 0001128281
- company_name: Saker Aviation Services, Inc.
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128281/000143774924022671/0001437749-24-022671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128281/000143774924022671/skas20240712_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022671
- JSON: https://secwatch.observer/filing/0001437749-24-022671.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022671.txt

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