Minneapolis and Denver, NC — Wednesday, May 30, 2018 — Air T, Inc. (NASDAQ: AIRT), a diversified holding company with operations in air cargo, aviation ground support equipment and services, and aircraft engine and airframe parts sales, today announced that Mark Jundt, formerly Principal Legal Counsel of CHS Inc. International business operations and Global Litigation, has joined Air T as General Counsel reporting to CEO Nick Swenson, effective immediately. Mr. Jundt will be based in Air T’s executive offices in Minneapolis.
Air T Chairman and CEO, Nick Swenson, commented, “We are thrilled to welcome Mark to our team. He’s a proven leader with outstanding judgment and broad management, transaction and regulatory experience. Given our growing scale and plans to build upon Air T’s proven value creation strategy, it makes financial and strategic sense to centralize legal affairs with a strong in-house counsel. We are confident that Mark will enhance the success and cost effectiveness of our legal efforts as Air T pursues new investment opportunities and supports the operational success of our existing businesses.”
Mark Jundt, commented: “I am excited to join Nick and Air T’s leadership team, as they have built an impressive, diversified platform for growth that is rooted in a commitment to exemplary long-term shareholder stewardship. I look forward to supporting the continued expansion of the company and its focus of creating sustained, long-term growth from strong, cash flow generating businesses.”
Mr. Jundt brings 15 years of legal experience and accomplishment in mergers, acquisitions, litigation, risk-management, securities law and commercial arrangements. Prior to joining Air T, Mr. Jundt served as Principal Legal Counsel, International and Global Disputes, for CHS Inc., a Fortune 100 company and the nation’s leading farmer-owned cooperative in the global energy, grains and foods business, with over $30 billion in annual revenue. Jundt was responsible for advising CHS senior leadership on legal, regulatory and risk management. He also oversaw and managed CHS’ internal lawyers and legal departments throughout South America and Europe.
Prior to CHS, Mr. Jundt oversaw Litigation and Employment Law at RSM, an international accounting firm based in Minneapolis, MN. Mr. Jundt began his career as a commercial attorney at Blackwell Burke in Minneapolis, supporting many of the firm’s Fortune 500 clients. Mr. Jundt hails from North Dakota, where he obtained a B.S. in Business at North Dakota State prior to earning his juris doctor degree from Hamline University School of Law. Mr. Jundt is a passionate volunteer and contributor to many cancer-related causes.
ABOUT AIR T, INC.
Established in 1980, Air T, Inc. is a diversified holding company with operations in (1) overnight air cargo, (2) aviation ground support equipment manufacturing, (3), aviation ground support maintenance services, and (4) aircraft engine and airframe parts sales. Air T’s ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify its cash earnings power. For more information, visit www.airt.net.
FORWARD LOOKING STATEMENTS
Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including, but not limited to, the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, the timing and amounts of future orders under the Company’s Global Ground Support subsidiary’s contract with the United States Air Force, and risks and uncertainties related to business acquisitions, including the ability to successfully achieve the anticipated benefits of the acquisitions, inflation rates, competition, changes in technology or government regulation, information technology disruptions, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.