Air T subsidiary buys two A321-111 aircraft for >$18M, leases to Electra Airways

AIR T INC

CASP Leasing I, LLC (95%-owned by Air T subsidiary Contrail) signed two purchase agreements for Airbus A321-111 aircraft.
Total transaction value exceeds $18 million; closings projected for early September 2024.
Aircraft will be leased to Electra Airways OOD under lease agreements effective upon purchase.
Acquisition expands Contrail's aircraft leasing and parts business.

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