Replies to post #1918 on Otcbargains Daytrading Accountability Board

[blindman28]

i know does not look good but this is was in the 10k back in april when lease agreement ended. they have been hiring people at that airport for positions like Charter manager and marketing manager in the past couple of months. i would be shocked if they do not reach anew agreement by august 31

[RNsidersbuying]

SKAS - from the 10-K -

NOTE 12 – Commitments and Contingencies

Operating Leases

The Company leases a facility under the terms of a Fixed Base Operator’s Lease and Operating Agreement with the Wilkes-Barre/Scranton International Airport. The agreement has a term of ten years, expiring August 21, 2013, with two five-year renewal periods. The agreement requires payment of monthly rents of $6,250 plus additional payments based on certain of the Company’s revenues. These include per-gallon fees for certain fuel sales and commissions on landing, parking, tie-down and other types of fees charged by the Company to its aviation customers. [/I]

[RNsidersbuying]

SKAS News - press release

Aug. 1, 2013, 5:11 p.m. EDT

Saker Aviation Services, Inc. Secures Show Cause Hearing In Connection With Pennsylvania Facility Lease


WILKES-BARRE, Pa. and SCRANTON, Pa., Aug. 1, 2013 /PRNewswire via COMTEX/ -- Saker Aviation Services, Inc. (SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, announced that a show cause hearing has been scheduled to address issues in connection with its Pennsylvania lease. The show cause hearing is scheduled for Wednesday, August 14th at 2:00 p.m.

The docket number of the file is: 2013-04033.

Saker's complaint was filed on July 26, 2013 by the Company following an announcement on Thursday, July 18, 2013 by the Wilkes-Barre/Scranton International Airport that it intends to negotiate a Fixed Base Operator lease with a party other than Saker Aviation Services. The Company believes an airing of the issues on August 14, 2013 will support its belief that the Airport was in contravention of the Company's rights under the lease.

http://www.marketwatch.com/story/saker-aviation-services-inc-secures-show-cause-hearing-in-connection-with-pennsylvania-facility-lease-2013-08-01?siteid=bigcharts&dist=bigcharts