Thanks for sharing. It’s unfortunate that Saker lost the RFP. Though, at $7-$8 right now, it shows how well covered the downside was when this was originally written up. It will be interesting to see where management takes this after they cease operations.
Any thoughts on the recent weakness here? Related to the arbitration award? Any update on when the new concession would be awarded? Thanks, and excellent writeup.
FYI:
"The new European operators will replace Manhattan-based Saker Aviation Services."
https://nypost.com/2024/12/08/us-news/adams-admin-hires-foreign-firms-to-run-nycs-downtown-heliport-raising-security-concerns-not-a-wise-choice/?utm_source=chatgpt.com
Thanks for sharing. It’s unfortunate that Saker lost the RFP. Though, at $7-$8 right now, it shows how well covered the downside was when this was originally written up. It will be interesting to see where management takes this after they cease operations.
Any thoughts on the recent weakness here? Related to the arbitration award? Any update on when the new concession would be awarded? Thanks, and excellent writeup.