Saker Aviation Services Inc (OTC: SKAS) is an aviation services company that, as of December 31, 2025, had transitioned away from fixed base operator services and was providing financial advisory services to a single customer. The company previously operated as the exclusive fixed base operator at the Downtown Manhattan Heliport under a series of agreements with the New York City Department of Small Business Services, collecting all revenue derived from heliport operations and remitting the greater of a minimum fee or 30% of gross receipts to the city. As of December 31, 2025, the heliport operations had wound down following the expiration of the Interim Concession Agreement, which was extended through June 12, 2025 via two six-month renewal options. The company is led by William B. Wachtel, who serves as President, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer, as disclosed in the 10-K filed March 31, 2026.

Revenue model

Revenue was historically transactional, generated from fixed base operator services at the Downtown Manhattan Heliport, with a concession structure requiring payment of the greater of a minimum guaranteed fee or 30% of gross receipts to the city. As of December 31, 2025, the company had shifted to financial advisory services for one customer. Four customers represented approximately 93% of accounts receivable as of fiscal year ending December 31, 2024.

Products and services

Fixed base operator services at the Downtown Manhattan Heliport (historical, through June 2025); financial advisory services (as of December 31, 2025).

Customers and end markets

As of December 31, 2025, the company served one financial advisory customer. During fiscal year ending December 31, 2024, four customers represented approximately $293,000, or 93%, of accounts receivable. The previous heliport operations served helicopter operators and passengers in Downtown Manhattan.

Value-chain role

Previously operated as a fixed base operator on government-owned property under municipal concession agreements. As of December 31, 2025, the company functions as a financial advisory services provider.

Geographic exposure

Operations historically concentrated in Downtown Manhattan, New York City, at the Downtown Manhattan Heliport. No other geographic footprint is disclosed in the 10-K filed March 31, 2026.

Source: SEC 10-K, filed 2026-03-31

Industry: Airports, Flying Fields & Airport Terminal Services Peers: Sky Harbour Group Corp