Air T

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Air T, Inc. is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other. The Overnight Air Cargo segment operates in the air express delivery services industry. The Ground Equipment Sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers. The Ground Support Services segment offers ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. The Commercial Aircrafts, Engines & Parts segment manages and leases aviation assets, supplies surplus and aftermarket commercial jet engine components, provides commercial aircraft disassembly, part-out services, and commercial aircraft parts sales. The Printing Equipment & Maintenance segment designs, manufactures, and sells advanced digital print production equipment and provides maintenance services to commercial customers. The Corporate & Other segment acts as the capital allocator and resource for other segments. The company was founded in 1980 and is headquartered in Charlotte, NC.

AIRT reports revenue growth and higher operating income in the second quarter of fiscal 2025, driving stock gains. Strong segments include overnight air cargo and jet engines and parts.

Air T Stock Rises Post Q2 Earnings on Higher Revenue, Operating Income

CHARLOTTE, NC / ACCESSWIRE / November 12, 2024 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time.

Air T, Inc. Reports Second Quarter Fiscal 2025 Results

NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of a new facility financing the acquisition of a Boeing 737-800 for Crestone Air Partners, Inc. ("Crestone"), Air T, Inc. ("Air T") and Mill Road Capital Management LLC ("Mill Road"). This is the third transaction that the Ashland Place platform has completed with Crestone, having previously financed the acquisitions of three Boeing 737-800 freighters in January 2024 and four CFM56 engines in July 2022.

Ashland Place Completes New Financing Facility for Crestone Air Partners, Air T, Inc. and Mill Road Capital

MINNEAPOLIS, MN / ACCESSWIRE / October 22, 2024 / Air T, Inc. (NASDAQ:AIRT) is pleased to announce the appointment of Tracy Kennedy as Chief Financial Officer, effective October 16, 2024. Tracy has been with Air T for over six years, serving first as Director of Accounting, then Corporate Controller, and most recently as Chief Accounting Officer.

Air T, Inc. Names Tracy Kennedy as Chief Financial Officer

CHARLOTTE, NC / ACCESSWIRE / August 19, 2024 / AIR T, INC (NASDAQ:AIRT) announced today that the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting") will be available to attendees via webcast as well as in person. As previously announced, the Annual Meeting will be held on Wednesday, August 21, 2024, at 8:30 AM, Central Time.

Air T, Inc. Announces Webcast Availability for 2024 Annual Meeting of Stockholders

Despite strength in Air T's (AIRT) Overnight Air Cargo and Corporate and Other segments, overall fiscal first-quarter revenues decline year over year.

Air T (AIRT) Q1 Earnings Increase Y/Y, Revenues Decline

CHARLOTTE, NC / ACCESSWIRE / August 14, 2024 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports First Quarter Fiscal 2025 Results

MINNEAPOLIS, MN / ACCESSWIRE / August 7, 2024 / Air T, Inc. (NASDAQ:AIRT) today announced that its Chief Financial Officer, Brian Ochocki, is departing the Company on or about September 3, 2024. Mr. Ochocki commented, "I made this difficult decision with mixed feelings.

Air T, Inc. Announces Departure of Brian Ochocki, Chief Financial Officer

Air T's (AIRT) overall topline benefits from revenue growth in the majority of its segments.

Air T's (AIRT) Fiscal 2024 Earnings, Revenues Improve Y/Y

CHARLOTTE, NC / ACCESSWIRE / June 26, 2024 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports Fiscal 2024 Results

Find out why Zacks rates Air T as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore AIRT's strategic acquisitions and financial health amid market challenges.

Zacks Initiates Coverage of Air T With Neutral Recommendation

CAMBRIDGE, MN / ACCESSWIRE / April 17, 2024 / In a significant move, The145 is excited to announce a strategic partnership with Ambry Hill Technologies, advocating for its innovative cloud-based Vista-Quote RFQ and quote management platform. This collaboration is poised to transform how The145 customers handle inbound requests for quotes (RFQ) volume, offering a more efficient and seamless quote response process.

The145.com Announces Technology Partnership Aimed at Benefitting Its Aviation Aftermarket Parts Suppliers and MROs

MINNEAPOLIS, MN / ACCESSWIRE / March 5, 2024 / Air T, Inc. (NASDAQ:AIRT) (the "Company") recently announced the closing of a direct, structured $15,000,000 private note transaction with a major pension plan on February 22, 2024 (the "Transaction"). The Transaction involved 7-year notes bearing 8.5% interest per annum.

Air T, Inc. Secures $15.0 Million in Private and Non-Recourse Debt Transaction, Propelling Strategic Growth Initiatives

CHARLOTTE, NC / ACCESSWIRE / February 12, 2024 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports Third Quarter Fiscal 2024 Results

CHARLOTTE, NC / ACCESSWIRE / January 22, 2024 / Air T, Inc. (NASDAQ:AIRT) ("Air T") announces the following dividend dates and record dates for Air T Funding Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP) during 2024 and 2025. Cash distributions on the AIP are in the amount of $0.50 per share (a rate of 8.0% per annum).

Air T, Inc. Announces Dividend Dates for Air T Funding Alpha Income Preferred Securities (AIRTP)

NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of a new facility financing the acquisition of three B737-800 freighters for Atalaya Capital Management ("Atalaya") and Crestone Air Partners ("Crestone"). This is the second transaction that the Ashland Place platform has completed with each of Atalaya and Crestone, having separately previously financed a 777-300ER for Atalaya in August 2022 and four CFM56 engines for Crestone in July 2022.

Ashland Place Completes 3-Aircraft Financing for Atalaya Capital Management and Crestone Air Partners

CHARLOTTE, NC / ACCESSWIRE / November 28, 2023 / Today The Company announces the completion of a private placement of $4.0 million of its 8% Trust Preferred Securities (NASDAQ:AIRTP) at a price of $17.00 per share for a 12.1% yield to maturity. This offering complements the Company's currently active program to sell up to $5.4 million of 8% Trust Preferred Securities ("TruPs") through its at-the-market offering.

Air T, Inc. Announces Completion of $4.0 million Private Placement of Trust Preferred Securities

CHARLOTTE, NC / ACCESSWIRE / November 13, 2023 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports Second Quarter Fiscal 2024 Results

CHARLOTTE, NC / ACCESSWIRE / August 11, 2023 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports First Quarter Fiscal 2024 Results

CHARLOTTE, NC / ACCESSWIRE / August 11, 2023 / AIR T, INC (NASDAQ:AIRT) announced today that the Company's 2023 Annual Meeting of Stockholders (the "Annual Meeting") will be available to attendees via webcast as well as in person. As previously announced, the Annual Meeting will be held on Wednesday, August 16, 2023, at 8:30 AM, Central Time.

Air T, Inc. Announces Webcast Availability for 2023 Annual Meeting of Stockholders

CHARLOTTE, NC / ACCESSWIRE / June 27, 2023 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

Air T, Inc. Reports Fiscal 2023 Results

DENVER, NC / ACCESSWIRE / May 18, 2023 / Air T, Inc. (NASDAQ:AIRT) ("AIRT" or the "Company") today announced the official commencement of an exchange offer for up to 138,000 of its shares of common stock, $0.25 par value per share ("Common Shares"). As first announced on March 28, 2023, the Company will acquire Common Shares in exchange for consideration consisting of newly‑issued shares of Air T Funding 8.0% Alpha Income Trust Preferred Securities valued at their liquidation preference $25.00 per share ("TruPs") (collectively, the "Exchange Offer").

Air T, Inc. Announces Commencement of Exchange Offer

Company to Conduct "Modified Dutch Auction" for up to 138,000 Common Shares in Exchange for TruPs; Offer Price Between 1.05 and 1.4 TruPs Per Share Represents a Premium of 13% to 51% Over Current Market Price TruPs Shares Valued at Liquidation Preference of $25.00 per Share with 8.0% Distribution DENVER, NC / ACCESSWIRE / March 28, 2023 / Air T, Inc. (NASDAQ:AIRT) ("AIRT" or the "Company") today announced its plan to conduct an exchange offer for up to 138,000 of its shares of common stock, $0.25 par value per share ("Common Shares"). The Company will acquire Common Shares in exchange for consideration consisting of newly‑issued shares of Air T Funding 8.0% Alpha Income Trust Preferred Securities valued at their liquidation preference $25.00 per share ("TruPs") (collectively, the "Exchange Offer").

Air T, Inc. Announces Exchange Offer for up to 138,000 Common Shares in Exchange for Shares of Air T Funding 8.0% Alpha Income Trust Preferred Securities (TruPs)

Inaugural C408 SkyCourier Flight Operations Expands Mountain Air Cargo's New Aircraft Fleet and Advances Pilot Career Opportunities DENVER, NC / ACCESSWIRE / February 21, 2023 / Mountain Air Cargo, Inc. (MAC - www.mtaircargo.com), a FedEx air cargo feeder airline established over 40 years ago, today announced that the world's first C408 SkyCourier route between Tallahassee and Orlando, operated by Captain Samantha Szefler, launched on January 3, 2023. MAC's inaugural C408 flight in Florida is part of its long-standing strategic relationship with FedEx, and further enables the Company's long-term sustained feeder growth plans while expanding its fleet with new C408 SkyCourier aircraft and advancing pilot career opportunities.

Mountain Air Cargo Inc Launches World's First Cessna 408 SkyCourier In Florida

DENVER, NC / ACCESSWIRE / February 10, 2023 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time.

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