Saker Aviation purchases Aircraft Services

Saker Aviation Services, Inc. (SKAS) wholly owned subsidiary FBO Air Garden City, Inc., has acquired 100 percent of the stock of Aircraft Services, Inc., an aircraft maintenance services firm located in Garden City, Kansas, the company said.

Under the terms of the transaction, Saker made a USD150,000 cash payment at closing and will make installment payments totaling an additional USD150,000 over the next two years. The closing cash payment for the transaction was funded with internal resources.

Saker Aviation Services, Inc. is an aviation services company specializing in ground-based services to the general aviation marketplace.