Saker Aviation Services is a shell company in transition. Its historical core business was operating the Downtown Manhattan Heliport under a concession agreement with the City of New York, where Saker provided sightseeing tours, fuel, and corporate charter services. The concession fee structure required Saker to remit the greater of a minimum annual guarantee or 30% of gross receipts to the City, which significantly limited operating leverage. Saker lost the heliport concession in late 2024 when the City awarded the contract to a competitor, and Saker vacated the facility in March 2025. Saker has since filed a legal petition in New York State Supreme Court seeking to annul the City's award, alleging misrepresentations by the competitor during the RFP process, but the outcome is uncertain. As of late 2025, Saker has begun providing financial advisory services, currently serving one client, and has two full-time employees. The advisory business is too early-stage to assess its scale or viability, and Saker's near-term prospects depend on either winning back the heliport concession through litigation or building out the advisory business from scratch.