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“Through our acquisitions and investments, along with our ongoing support of the dynamic leadership within our portfolio of powerful companies, we seek to focus our resources, activate growth and deliver long-term value creation for everyone associated with Air T, Inc.”
— Nick Swenson, Chairman & CEO
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Latest News
Air T, Inc. Secures $15.0 Million in Private and Non-Recourse Debt Transaction, Propelling Strategic Growth Initiatives
Minneapolis, MN, March 5, 2024 — Air T, Inc. (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. Reports Third Quarter Fiscal 2024 Results
CHARLOTTE, NC, 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. We believe we can apply corporate resources to help activate growth and overcome challenges.
Air T, Inc. Announces Completion of $4.0 million Private Placement of Trust Preferred Securities
CHARLOTTE, NC, 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.