Material Event Form 8 K

Item 8.01 Other Events.

On November 20, 2024, Saker Aviation Services, Inc. (the "Company") was notified by the New York City Economic Development Corporation ("NYCEDC") that NYCEDC intends to award the concession agreement (the "Concession Agreement") for the operation of the Downtown Manhattan Heliport located at Pier 6 in Manhattan (the "Heliport") to another company.

Under the Company's current agreement (the "Interim Agreement") with the NYCEDC, the Company has the exclusive right to operate as the fixed base operator for the Heliport until June 12, 2025. However, the Interim Agreement may be terminated by the NYCEDC at any time. If NYCEDC decides to terminate the Interim Agreement early or finalizes their decision to award the Concession Agreement to another company, the Company's operations will cease, and the Company will not have a revenue generating business.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than those of historical fact, and generally may be identified by the use of words such as "if," "intend," "may," "will," or other similar expressions that indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding any request for proposal process by the NYCEDC, any future agreement between the Company and the NYCEDC, and the Company's expectations regarding any terms of any future agreement with the NYCEDC. These statements are based on various assumptions, whether or not identified in this document, and on the current expectations of the Company's management. These forward-looking statements are not intended to serve as, and should not be relied on as, a guarantee of actual performance or an assurance or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ materially from those contained in or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Some of the factors that could cause the Company's actual results to differ materially from its expectations or beliefs are disclosed in the "Risk Factors" section, as well as other sections, of its reports filed with the Securities and Exchange Commission. There may be additional risks including other adjustments that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those expressed in or implied by these forward-looking statements. In addition, forward-looking statements reflect the Company's expectations, plans or forecasts of future events and views as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as may be required by law. Accordingly, undue reliance should not be placed upon these forward-looking statements.