Saker Aviation Services, Inc. is a Nevada corporation. Our common stock, $0.001
par value per share (the “common stock”), is publicly traded on
the OTCQB Marketplace (“OTCQB”) under the symbol “SKAS”.
Through our subsidiaries, we operate in the aviation services segment of the
general aviation industry, in which we serve as the operator of a heliport,
a fixed base operation (“FBO”), and as a consultant for a seaplane
base that we do not own. FBOs provide ground-based services, such as fueling
and aircraft storage for general aviation, commercial and military aircraft,
and other miscellaneous services.
We were formed on January 17, 2003 as a proprietorship and were incorporated
in Arizona on January 2, 2004. We became a public company as a result of a reverse
merger transaction on August 20, 2004 with Shadows Bend Development, Inc., an
inactive public Nevada corporation, and subsequently changed our name to FBO
Air, Inc. On December 12, 2006, we changed our name to FirstFlight, Inc. On
September 2, 2009, we changed our name to Saker Aviation Services, Inc.
Our business activities are carried out as the operator of the Downtown Manhattan
(New York) Heliport, as an FBO at the Garden City (Kansas) Regional Airport,
as a consultant to the operator of a seaplane base in New York City, and prior
to our divestiture, as an MRO at the Bartlesville (Oklahoma) Municipal Airport.
The Garden City facility became part of our company as a result of our acquisition
of the FBO assets of Central Plains Aviation, Inc. (“CPA”) in March
2005.
Our business activities at the Downtown Manhattan (New York) Heliport facility
(the “Heliport”) commenced when we were awarded the Concession Agreement
by the City of New York to operate the Heliport, which we assigned to our subsidiary,
FirstFlight Heliports, LLC d/b/a Saker Aviation Services (“FFH”).
The Bartlesville facility became part of our company as a result of our acquisition
of all of the outstanding stock of Phoenix Rising Aviation, Inc. (“PRA”)
on August 15, 2013.
The FBO segment of the general aviation industry is highly fragmented. According
to the National Air Transportation Association (“NATA”), there are
over 3,000 FBOs that serve customers at one or more of over 3,000 airport facilities
across the country that have at least one paved 3,000-foot runway. The vast
majority of these companies are single location operators. NATA characterizes
companies with operations at three or more airports as “chains.”
An operation with FBOs in at least two distinctive regions of the country is
considered a “national” chain while an operation with FBOs in multiple
locations within a single region is considered a “regional” chain.
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