Saker Aviation Services Announces Expanded Line of Credit
Line of Credit with Bank of America increased to $1.15 million
WILKES-BARRE, Pa. and SCRANTON, Pa., Feb. 7, 2012 /PRNewswire/ -- Saker Aviation Services, Inc. (OTC Bulletin Board: SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, announced today that the company has expanded its working capital line of credit with Bank of America.
"We are very pleased to extend our banking relationship with Bank of America," said Ronald J. Ricciardi, CEO at Saker Aviation. "This expansion of our working capital line of credit provides us with additional flexibility as we look to continue our growth trend of the past couple of years," stated Ricciardi. "We believe this more than 75% increase of our current line of credit represents the recognition of our recent financial results by Bank of America. It also further confirms the bank as a financial partner to Saker Aviation as we pursue other development opportunities for the company."
About Saker Aviation Services, Inc.
Saker Aviation Services (www.SakerAviation.com) provides Fixed Base Operations (FBO) flight support services through a growing chain of US based facilities. Products include, but are not limited to, aircraft fueling, maintenance, hangar/tie-down, private charter, and pilot support services.
SOURCE Saker Aviation Services, Inc.
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