Saker Aviation Services SKAS

Saker Aviation Services, Inc. is a Nevada corporation engaged in the operation of a heliport and the provision of strategic financial advisory services. The company previously operated the Downtown Manhattan Heliport under agreements with the City of New York, providing fixed base operator services including fueling, ground handling, and customer support for helicopter operations. Following the termination of its heliport operations in March 2025, the company shifted its focus to delivering financial advisory services to clients.

Saker Aviation Services, Inc. generates revenue primarily from two sources: heliport operations and financial advisory services. During the operation of the Downtown Manhattan Heliport, revenue was derived from concession fees, fuel sales, charter services, and sightseeing tour operations, with payments structured under agreements requiring either a percentage of gross receipts or minimum guaranteed payments. Since commencing financial advisory services in December 2025, the company has begun earning fees from providing strategic financial advice to clients, although specific revenue figures for this segment are not detailed in the filing.

The company operates through the following segments:

• Heliport Operations: This segment involved the operation of the Downtown Manhattan Heliport as a fixed base operator under agreements with the City of New York. Services included fueling, ground handling, passenger services, and support for sightseeing tours, corporate charters, and private flights. The segment operated under the branded name Saker Aviation Services, which was used as the doing-business-as name for its subsidiary, FirstFlight Heliports, LLC.
• Financial Advisory Services: This segment commenced in December 2025 and involves providing strategic financial advisory services to clients. The company is evaluating how to market and expand these services, which are currently delivered to a limited client base. No specific brand or trademark names are associated with this segment in the filing.

Saker Aviation Services, Inc. operated in a niche segment of the aviation industry as the sole heliport in New York City authorized to conduct sightseeing tours during the reporting period, giving it a unique position in that specific service line. For fuel and corporate charter services, it faced direct competition from two other heliports in New York offering similar facilities. The company now competes in the broader financial advisory market against numerous professional service firms, where differentiation relies on expertise and client relationships rather than proprietary infrastructure.

Saker Aviation Services, Inc. served a diverse customer base during its heliport operations, including sightseeing tour operators, corporate charter clients, private pilots, and commercial helicopter operators. In its financial advisory services segment, the company provided services to one client as of December 31, 2025, with four key customers representing approximately 87.3% of its revenue in the fiscal year ended December 31, 2024, although specific customer names are not disclosed in the filing.