---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-24-000112"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:20:07.635204+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000353184-24-000112
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318424000112/0000353184-24-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318424000112/airt-20240905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-24-000112
- JSON: https://secwatch.observer/filing/0000353184-24-000112.json
- Plain text: https://secwatch.observer/filing/0000353184-24-000112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.