Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2021, this segment had 66 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: airt.net
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DENVER, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Crestone Air Partners ("Crestone") today announced the formation of Blue Crest Aviation Partners ("Blue Crest"), a new joint venture anchored by funds managed by Blue Owl Capital, Inc. ("Blue Owl"). The platform will seek to acquire mid-life commercial jet aircraft on lease to airlines globally, through a disciplined, income-oriented strategy. Crestone is a wholly owned subsidiary of Air T, Inc. (NASDAQ:AIRT) and benefits from Air T's integrated operating platform—spanning MRO, parts sales, storage, disassembly, and leasing services—to support mature-phase aircraft management. Blue Crest represents the next stage of Crestone's capital formation,
LeaseWorks®, a Portside company, announced a new partnership with Denver-based Crestone Air Partners, Inc. ("Crestone") to enhance the asset manager's digital strategy. "As Crestone Air Partners continues to grow its prominent aviation asset management platform, LeaseWorks' software will help power its growth by leveraging advanced analytics and insights for decision-making, as well as automating business processes across the organization," says Haseem Vazhayil, President, LeaseWorks. Crestone will use Aeris MATCH™ to automate commercial activities across trading, marketing and collecting market intelligence to make commercial decisions with real-time data. Once aircraft are purchased o
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%
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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
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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
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