Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and 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, 2022, this segment had 72 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: https://www.airt.net
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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. 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.The Company anticipates that it will more likely than not be off
DENVER, NC / ACCESSWIRE / February 10, 2022 / Air T, Inc. (NASDAQ:AIRT) ("Air T") announces the following record dates and payments dates for its Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP) during 2022 and 2023. Cash distributions on the AIP are in the amount of $0.50 per share (a rate of 8.0% of par value per annum).Payment Date:Record Date:February 15, 2022February 14, 2022May 16, 2022May 13, 2022August 15, 2022August 12, 2022November 15, 2022November 14, 2022February 15, 2023February 14, 2023May 15, 2023May 12, 2023August 15, 2023August 14, 2023November 15, 2023November 14, 2023ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial
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