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. We believe we can invest corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground equipment sales; commercial jet engines and parts; and corporate and other. The Company also invests in non-consolidated investments, notably in Crestone Asset Management, LLC and its joint venture, Crestone JV II LLC.Today the Company is ann

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. We believe we can apply corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; aviation ground equipment manufacturing and sales; commercial jet engines and parts; and corporate and other.Today the Company is announcing results for the fiscal first quarter ended June 30, 2023:Revenues totaled $71.4 million for the quarter ended June 30, 2023, an inc

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. She has played a pivotal role in building out our accounting department and leading that department through a period of significant growth."Tracy has demonstrated exceptional leadership and a deep understanding of our financial statements and businesses," said Nick Swenson, CEO of Air T, Inc. "Throughout her tenure with us, she has consistently show

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. We believe we can invest corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground equipment sales; commercial jet engines and parts; and corporate and other. The Company also invests in non-consolidated investments, notably in Crestone Asset Management, LLC and its joint venture, Crestone JV II LLC.Today the Company is ann

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. "We are proud to continue our relationship with Crestone through this additional financing opportunity," said Jennifer Villa, Ashland

Traditionally reliant on paper documentation, aviation companies like Latitude Aero face an increasing demand for digital solutions to streamline recordkeeping while keeping with FAA data security and regulatory compliance standards.GREENSBORO, NC / ACCESSWIRE / November 8, 2024 / Latitude Aero, a leading aircraft seating refurbishment company, has successfully transitioned to FAA-compliant digital recordkeeping and electronic signatures by implementing Vista-Suite.com Enterprise, a cloud-based ERP and MRO software from Ambry Hill Technologies.FAA AC 120-78A Digital Recordkeeping ApprovedMobile device showing an announcement that aftermarket companies can use vista-suite.com for FAA approval

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. She has played a pivotal role in building out our accounting department and leading that department through a period of significant growth."Tracy has demonstrated exceptional leadership and a deep understanding of our financial statements and businesses," said Nick Swenson, CEO of Air T, Inc. "Throughout her tenure with us, she has consistently show

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. Stockholders will be able to physically attend the Annual Meeting or participate via webcast. Directors and members of management will be physically in attendance at the Company's St. Louis Park office at 5000 W 36th Street, Minneapolis, MN 55416.As described in the Company's proxy statement, you are entitled to attend and vote at the Annual Meeting if

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. We believe we can apply corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground equipment sales; commercial jet engines and parts; and corporate and other.Today the Company is announcing results for the fiscal first quarter ended June 30, 2024:Revenues totaled $66.4 million for the quarter ended June 30, 2024, a decrease of $5.0 million, or 7%

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. Until recently, I had intended to remain with Air T for the remainder of my career. However, I have been given the opportunity to become the CFO of a local company that I have long admired in an industry that I enjoy. It has been a privilege to work with the strong, dedicated team at Air T. I am proud of what we have accomplished together and am confident that the company is well-positioned for continued success."Nick Swenson,

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. We believe we can apply corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground equipment sales; commercial jet engines and parts; and corporate and other.Today the Company is announcing results for the Fiscal year ended March 31, 2024:Revenues totaled $286.8 million for the fiscal year ended March 31, 2024, an increase of $39.5 million, or 16%

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 Vista-Quote.com The145 is the ONLY online service dedicated exclusively to the aviation MRO market. They have made it their business for more than 20 years to not only list every possible repair source in the world but also to provide repair centers and customers of repai

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.The Company believes that the Transaction represents an important step forward as it allows the Company to securitize its ownership in more than fifteen aviation-related joint venture interests, currently managed by its subsidiaries, in order to raise non-recourse debt which the Company can use to pay down other debt, as well as make further aviation-related investments. As part

The principal buyers of the private placement were its largest shareholder and their affiliates. Moreover, the private placement buyers have an option to buy an additional $4.0 million at the same $17.00 per-share price.

Air T (NASDAQ:AIRT) reported quarterly losses of $(0.57) per share. This is a 32.56 percent decrease over losses of $(0.43) per share from the same period last year. The company reported $79.00 million in sales this quarter. This is a 30.15 percent increase over sales of $60.70 million the same period last year.

Gainers GD Culture Group (NASDAQ:GDC) shares rose 43.7% to $3.65 during Monday's regular session. As of 13:30 EST, this security is trading at a volume of 40.9 million shares, making up 31219.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $11.1 million. Performance Shipping (NASDAQ:PSHG) stock moved upwards by 23.17% to $1.86. Performance Shipping's stock is trading at a volume of 2.0 million shares as of 13:30 EST. This is 761.3% of its average full-day volume over the last 100 days. The company's market cap stands at $21.2 million. Markforged Holding (NYSE:MKFG) stock increased by 11.25% to $1.33. Markforged Holding's stock i

Air T (NASDAQ:AIRT) reported quarterly losses of $(0.19) per share. This is a 62 percent increase over losses of $(0.50) per share from the same period last year. The company reported $71.40 million in sales this quarter. This is a 40.28 percent increase over sales of $50.90 million the same period last year.

Gainers Urban-gro (NASDAQ:UGRO) shares moved upwards by 23.1% to $1.81 during Friday's regular session. Trading volume for Urban-gro's stock is 1.2 million as of 13:37 EST. This is 1093.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $19.7 million. ESS Tech (NYSE:GWH) stock rose 17.11% to $1.75. Trading volume for this security as of 13:37 EST is 1.1 million, which is 78.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $269.3 million. Knightscope (NASDAQ:KSCP) shares increased by 16.34% to $0.82. Knightscope's stock is trading at a volume of 6.4 million shares as of 13:

Today the Company is announcing results for the Fiscal year ended March 31, 2023: Revenues totaled $247.3 million for the fiscal year ended March 31, 2023, an increase of $70.2 million, or 40% from the prior year. Operating loss was $4.4 million for the fiscal year ended March 31, 2023, compared to operating income in the prior year of $8.8 million. Adjusted EBITDA* profit of $6.0 million for the year ended March 31, 2023, compared to Adjusted EBITDA* profit of $11.4 million in the prior year. Loss per share of $4.32 for the year ended March 31, 2023, compared to income per share of $3.79 for the prior year. Total Equity decreased from $24.6 million as of March 31, 2022, to $11.9 mill